Are Early SUI Investors Dumping on You in Secret?

Something strange is happening with SUI tokens, and the crypto community is buzzing.

Over the past few days, on-chain analysts and users on Crypto Twitter have been pointing out some big — and suspicious — token movements tied to wallets believed to belong to early investors or venture capital firms.

The issue? These wallets hold SUI tokens that are technically still locked. According to the project’s own vesting schedule, they’re not supposed to be sold or transferred yet. But the data suggests some of them might be changing hands over-the-counter (OTC) — likely in private, off-exchange deals.

Why This Matters

SUI, the token powering the Sui blockchain by Mysten Labs, had a lot of early backers. To keep things fair and avoid massive dumps, most of those tokens were put on a vesting schedule — meaning they’re locked up for a period of time before they can be sold.

Now, if these tokens are being sold early — even if it’s OTC — it’s a big deal. It not only goes against the spirit of fair distribution, but it can also affect market trust and price stability. Some traders are already asking: How much SUI is really circulating right now?

The Community Is Demanding Answers

The topic exploded on Twitter, with users demanding transparency from Mysten Labs and the Sui Foundation. Several influencers and analysts have called for the team to clarify whether these early investors are bypassing lock-up rules — and if so, how.

One user wrote:

“So VC tokens that are supposed to be locked are being sold OTC? That’s shady. Retail gets dumped on while insiders cash out quietly?”

Others are asking for wallet blacklists or even smart contract-level enforcement to prevent this from happening again.