Kled's founder accuses Believe's founder of continuously selling KLED tokens

The founder of the Solana ecosystem AI project Kled, Avi Patel, accused Believe founder Ben Pasternak of continuously selling KLED tokens in the market. Patel stated, "For the past 7 consecutive days, Pasternak has been using a DCA strategy to continuously sell millions of KLED tokens. Initially, according to the fee agreement, Pasternak held over 6% of the KLED token supply, and this portion of the token allocation had been continuously accumulating before our exit from Believe in July. Afterwards, he explicitly promised never to sell KLED on the open market, opting for over-the-counter trading or token destruction if liquidity was needed."

Patel pointed out that on September 25, the day the project's mobile application was released, Pasternak's public wallet address showed significant selling. He explained that he had transferred the tokens to an undisclosed third party, but that third party immediately sold over 1% of the total supply in the market. The Kled project team was then forced to take on part of his holdings through over-the-counter trading at an estimated valuation of about $27 million, reducing his share to about 3.5%.

About a week ago, Pasternak began selling tokens in the market again, prompting the Kled project team to organize another over-the-counter buyback, reducing his holding percentage to about 1.7%. It is reported that Pasternak currently still holds about 2 to 3 million tokens and continues to sell.