According to Solstice Foundation, a wallet flagged by the community for selling about $645,000 in Solana was not controlled by the project team or foundation but by a verified market maker.
Solstice Foundation said a wallet identified by community members after selling roughly $645,000 worth of Solana belongs to a verified market maker rather than the project team or the foundation. The statement said the wallet’s inventory is being used to support SLX liquidity, indicating the holdings are intended for market-making activity rather than direct team selling. In crypto markets, market makers typically provide buy and sell orders to improve trading depth and reduce price friction for a token.