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STBL responded to the rumors of "market maker dumping": no abnormal selling activities have been observed, and the related transactions may be user arbitrage behavior.
Odaily News STBL officials clarified some controversial discussions regarding the TGE in a post on X. STBL stated that there have been speculations on social media about market makers selling tokens during the TGE phase, but aside from normal liquidity provision activities in a rising market, no unusual selling activities have been observed. Regarding the speculations about the addresses/activities related to market maker Auros Global, although some token supply does indeed originate from market makers, detailed investigations confirmed that these speculations are unfounded. The wallet address 0 x 7654 D 09 b 4 Ead 2 eB 6119 a 974 c 74071942 Cc 56866 C does not belong to Auros or any related parties of STBL, but is actually an exchange Hot Wallet. Some observers misinterpreted the on-chain transfers as dumping, when in fact they were operational transfers to the exchange platform wallet. Given the market demand during the exchange's initial launch, it is speculated that these activities may be arbitrage actions by users taking advantage of the price difference between the exchange and on-chain platforms. It is important to emphasize that these trading intentions are merely speculations based on market phenomena, and neither STBL nor Auros has participated in any arbitrage pricing activities.