Sui Foundation Stands Firm, Denies Selling Staking Rewards on Binance.

Sui Foundation has not sold staking rewards or any other tokens from locked and non-circulating staked SUI on Binance or otherwise.

As a decentralized proof-of-stake blockchain, Sui enables users to stake their Sui tokens and actively participate in the proof-of-stake mechanism, earning more SUI tokens as a result. Notably, there are no requirements for a minimum staking period. In addition, the foundation made it clear that all insider token allocations strictly adhere to and comply with lock-up periods and any other transfer restrictions imposed by regulatory requirements.

In response to claims made by a pseudonymous crypto commentator on June 27 via a Twitter thread, the Sui Foundation issued a denial, refuting the allegations of “dumping rewards” .