STBL founder denies team’s connection to wallets with huge profits, calls related allegations FUD
ChainCatcher reported that in response to concerns raised by blockchain analytics platform Bubblemaps regarding "five interrelated wallets in the STBL token accumulating profits of approximately $17 million," STBL founder Avtar Sehra stated that these wallets have no connection with the project team. He explained that both on-chain records and independent analyses confirm that these five addresses were already active before STBL was launched and are typical opportunistic traders. Sehra emphasized that this is not a case of "team dumping," but rather market manipulation by external participants. Bubblemaps later clarified that the related wallets have no association with the STBL team or insiders, and that both the project contract and team wallets can be publicly verified on-chain.
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