Sui Foundation denies selling staking rewards on Binance

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Sui Foundation denies selling staking rewards on Binance
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The Sui Foundation said it's on track with the SUI token unlock, as it aims to double supply by November of this year.

Additionally, the Sui Foundation said it’s on track for the SUI token unlock as it aims to double the supply by November.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Sui Foundation, the organization building out the Sui crypto network, said Tuesday that it had not sold staking rewards on the Binance crypto exchange.

"Sui Foundation has not sold staking rewards or any other tokens from locked and non-circulating staked SUI on Binance or otherwise," the organization wrote on ."All insider token allocations remain subject to and compliant with their lock ups and other restrictions on transfer."61 million tokens worth $62 million on June 3 and double its token supply by November of this year, The Block previously reported. There is currently a circulating supply of over 604 million SUI tokens at a market capitalization of $435 million, with each single token worth around $0.72, according to Coinmarketcap.

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