DeFi liquidity management protocol Delta disclosed that 16.5 million DELTA tokens, representing 1.65% of total supply, have been sold by a partner through an early OTC deal with no lockup or vesting restrictions imposed by the team. The original transaction allocated 2.6% of supply—26 million DELTA—to the partner in exchange for operating capital and marketing support, leaving 9.5 million tokens still held in two receiving wallets.
Delta acknowledged it has no control over the partner's subsequent selling behavior and stated that attempts to reach a consensus with the counterparty failed. The team provided on-chain transaction records to demonstrate it did not directly sell any tokens itself.
Delta Admits Early OTC Partner Sold 1.65% of DELTA Supply With No Lockup Restrictions
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