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STBL Founder: 5 interrelated Wallets that collectively profited over $17 million are unrelated to the STBL team.
PANews reported on October 21 that the blockchain analysis platform Bubblemaps previously disclosed that the top five traders by STBL Token trading volume are interconnected. In an update last Sunday, these five Addresses sold all their STBL and made $17 million. Crypto KOL @JoestarCryptod commented, “These 5 interconnected traders are highly likely to be team members,” questioning whether the STBL project is an eyewash. In response, STBL founder Avtar Sehra stated, “This is completely FUD. The on-chain historical records and independent analyses have confirmed that the wallets mentioned above have no connection to the STBL team. These Addresses were active long before STBL was launched and are well-known opportunists who repeat this pattern in new projects. Even the source Bubblemaps has clarified that these Wallets have no connection to the STBL team or insiders. This is not a 'team sell-off' but market manipulation by external participants. The STBL contract, team Wallet, and issuance are completely transparent and verifiable on-chain.”