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PANews
PANews|Oct 21, 2025 11:39
[STBL Founder Denies Team's Connection to Wallet Profiting $17 Million] Blockchain analytics platform Bubblemaps revealed that the top five traders by STBL token transaction volume are interconnected and sold all their STBL last Sunday, profiting $17 million. Crypto KOL @JoestarCryptod questioned whether these traders might be members of the STBL team, implying fraudulent activity within the project. In response, STBL founder Avtar Sehra stated that these allegations are baseless and that the wallets in question are not associated with the STBL team. Sehra emphasized that these addresses were active long before STBL's launch and belong to opportunists who frequently use similar patterns. Bubblemaps has also clarified that these wallets are not owned by the team or insiders. Sehra asserted that STBL's contracts, team wallets, and issuance volume are all transparently verifiable, and the transactions in question are external market manipulation rather than 'team dumping.'
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