According to Foresight News, Sui Network issued a statement in response to the accusation that "Sui insiders sold $400 million worth of tokens during this rally". The Sui Foundation stated, "1. During this period, no insiders, foundations, or employees of Mysten Labs (including the founder of Mysten Labs) or ML investors sold $400 million worth of tokens individually or collectively. Insiders did not engage in any preemptive selling or violations of the lock-up period and circulation supply plan. 2. Although the poster did not provide a wallet address, we believe that the possible owner of the wallet is an infrastructure partner who owns the tokens according to the lock-up period. All token lock-up periods are executed by qualified custodians and continuously monitored by the Sui Foundation, and the partner complies with regulations."