On October 21st, in response to the question of "the cumulative profit of 5 interrelated wallets in STBL tokens is about 17 million US dollars" disclosed by the blockchain analysis platform Bubblemaps, the founder of STBL Avtar Sehra responded that these wallets are not related to the project team. He said that the on-chain records and independent analysis have confirmed that these 5 addresses were active long before the launch of STBL and are common opportunistic traders.
Sehra stressed that this was not a "team sell-off", but market manipulation by external players. Bubblemaps later clarified that the wallets in question were not related to the STBL team or insiders, and that both project contracts and team wallets could be publicly verified on the chain.
STBL founder denies team's involvement in huge profit wallets, calling related allegations FUD
2025-10-21 11:49:22
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