The GAIB project party has just released an internal investigation statement, clarifying the recent selling pressure on the tokens. They emphasized that the coins held by the team and core contributors are fully locked and have not been touched at all. The actual dumping during the TGE phase was done by 5 wallets, each of which dumped around 1 million GAIB tokens. These wallets are backed by external market institutions distributed in different regions.

According to the agreement signed at the beginning, the Tokens obtained by these institutions can only be used for activity incentives, clearly stating that they are not allowed to cash out in advance. As a result, several institutions directly ignored the rules and started selling as soon as the TGE opened. The project party's operation has clarified the responsibilities, but the loss of market trust is already a fact. How to deal with the defaulting institutions next is the key.