Sui Foundation Refutes Claims Of Dumping Locked Staking Rewards On Binance
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The team behind the Sui network and its native SUI token has taken to Twitter to deny allegations of selling locked staking rewards on Binance. Word on the street is that the team moved a huge amount of locked staking rewards and dumped them on Binance to cash in. Sui Foundation Denies Selling Locked Staking Rewards Pump and dump schemes have become very common in the crypto world. According to a report by Chainalysis, 24% of tokens launched in 2022 that were analyzed saw a price decline in the first week indicative of possible pump-and-dump activity. According to the foundation,
Binance has proclaimed the launch of Sharia Earn, the initial global Sharia compliant mult-token staking solution. The project aims at serving the financial needs of Muslim consumers interested in ethically oriented crypto investment, which complies with Islamic finance principles. Sharia Earn utilises the same infrastructure that powers Binance Earn and…