The recent surge in the Sui token's value has led to accusations of insider trading within the cryptocurrency community. Despite a remarkable price increase of over 120% in the last month, reaching $2.25, concerns have been raised about insider selling. Reports indicate that wallets linked to the SUI ICO have sold more than $400 million worth of tokens during this rally. This significant selling activity could potentially exert downward pressure on the token's price. Additionally, upcoming token unlocks on October 23, totaling $114 million, may further impact the market. While some see potential in the Sui Network as a competitor to Solana, the current situation raises red flags for new investors. Analysts warn against ignoring the risks associated with tokens where insiders are selling to retail investors, emphasizing the need for caution in light of these developments. Read more AI-generated news on: https://app.chaingpt.org/news