The SLX token of Solstice has faced a backlash this week after details emerged that the community identified a wallet, which had sold off an estimated $645,000 worth of SLX tokens, was potentially owned by insiders. The wallet then became a target of speculation as it was quickly active through Binance Alpha, leading users to wonder if early investors or team members were selling out just after the token went live. This last issue rose up again when on-chain analysts followed the transactions of this wallet, observing how it presented sustained selling pressure that seemed to increasingly influence SLX price
The post Solstice SLX Controversy Deepens As Market Maker Activity Triggers Sell Pressure Debate appeared first on The Merkle News.