Yesterday, users flagged a wallet trading SLX on Binance Alpha as a possible insider-selling wallet. This wallet does not belong to the team or the Foundation
This wallet belongs to one of Solstice's verified market makers, who is using it to manage liquidity and to prepare for SLX consistency between markets.
Team allocations have a lock that has not changed. Market maker inventory is expected to be utilized for a wide range of listings. We confirmed this directly with the market maker and jointly verified it with our exchange partners.
To see how the wallet is trading as it helps maintain the market: https://t.co/gWUAKjDhBE