The price of the SUI token has plunged amid allegations that the SUI Foundation manipulated the supply of the token to pay itself increased staking rewards.
Sui’s native SUI token has struggled to regain ground after plunging more than 9% amid allegations from South Korean regulators, which have accused the Sui Foundation of manipulating the supply of the token for its own gain.
The price of the SUI token has struggled to regain ground amid allegations of supply manipulation. Source: CoinGecko “It has fallen more than 67% in the five months since listing. The issuer, Sui Foundation, received self-interest by staking the locked-up amount and sold it to increase circulation,” Min added.
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