COINOTAG News reports new allegations about the KLED Solana‑based AI project. Founder Avi Patel accuses Believe founder Ben Pasternak of persistent token selling, noting a seven‑day window of sizable KLED disposals executed under a DCA approach. Patel cites an initial vesting arrangement that left Pasternak with more than 6% of the KLED supply, a stake he allegedly accumulated since the Believe exit in July. He says Pasternak pledged not to sell on exchanges, preferring OTC trades or token burns for liquidity.
Patel recounts a notable event on the September 25 app release day, when Pasternak’s public wallet reportedly dumped tokens. An OTC transfer went to an undisclosed counterparty, who allegedly dumped over 1% of the total supply. The KLED team reportedly conducted an OTC buyback near $27 million, trimming Pasternak’s stake to about 3.5%, and then to roughly 1.7% a week later, leaving him at 2–3 million KLED.
Source: https://en.coinotag.com/breakingnews/kled-token-dump-allegations-avi-patel-accuses-ben-pasternak-of-continuous-kled-selloffs-forcing-otc-buybacks
