Sui faces $400M in insider selling allegations, while Chainlink shows bearish trends. Amid this, Lunex Network raises over 800,000 USDT, emerging as a leading altcoin for Q4.

Sui is currently facing insider selling allegations worth $400M, and Chainlink’s technical analysis is painting an extremely bearish pressure. Amidst this market sentiment, Lunex Network is emerging as the leading altcoin in Q4 by raising more than 800,000 USDT in record time.

Sui price declines after insider selling allegations

Sui’s recent price surge has triggered allegations of insider selling as wallets that have held SUI since its ICO reportedly sold more than $400M worth of tokens during the rally. Since these allegations came after Sui recorded massive 120% gains between September and October, Sui’s price is now experiencing significant selling pressure. 

Sui is currently trading for $2.04 after an intra-day decline of 4.89%. Although Sui is trading above its key Simple Moving Averages at the current price, Sui’s Momentum Indicator is still suggesting bearish dominance. If Sui loses investor confidence due to these allegations, Sui’s price could fall to the critical $1.46 pivot soon. 

Chainlink co-founder hints at massive price surge in 2025

Chainlink’s co-founder Sergey Nazarov recently claimed that he wouldn’t be surprised if Chainlink reaches the $500B milestone in terms of on-chain Real-World Assets. According to Nazarov, Chainlink will experience significant inflows from institutional investors within the next 12 months. Despite this optimistic statement, Chainlink’s daily chart is still flashing strong sell signals.

Chainlink is currently trading for $11.14 after an intra-day decrease of 1.27%. Chainlink’s volume has increased by 38.36% over the last 24 hours which typically suggests a profit-booking sentiment. Since Chainlink’s Momentum Indicator and MACD line ar

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Author: Guest Post