Bubblemaps Identifies $17M STBL Token Sell-Off by Linked Traders

Founder Avtar Sehra denies insider involvement, stating blockchain data shows no ties between the wallets and STBL’s team.

149d ago

Summary

Bubblemaps reported that five linked STBL token traders sold all holdings for $17 million. Crypto influencer @JoestarCryptod accused them of being team members, but STBL founder Avtar Sehra rejected the claims, citing on-chain data showing no connection. Bubblemaps confirmed the traders were opportunistic actors, with full transparency of team wallets and contracts.

Terms & Concepts

On-chain Data: Information recorded directly on the blockchain, allowing transparency and verification of transactions and wallet activities.
FUD: Acronym for Fear, Uncertainty, and Doubt, often used in crypto to describe misinformation intended to provoke negative sentiment.
Token Supply Transparency: The practice of making a cryptocurrency’s distribution, team holdings, and contract details publicly accessible for verification on the blockchain.