STBL Founder Denies Team Involvement in $17 Million Wallet Profits

2025-10-21 19:39

STBL founder Avtar Sehra has refuted claims that five interconnected wallets, which profited over $17 million from STBL token sales, are linked to the STBL team. Blockchain analytics platform Bubblemaps had identified these wallets as the top traders by STBL volume, sparking speculation of insider trading. However, Sehra emphasized that on-chain records and independent analyses confirm no connection between these wallets and the STBL team. He stated that these addresses were active before STBL's launch and are known for similar activities across various projects. Bubblemaps also clarified that the wallets are not associated with STBL insiders, attributing the activity to external market manipulation.

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