Delta Responds to Token Sell-Off Concerns: OTC Deal Had No Lockup or Other Restrictions, Team Has No Control Over Partner's Sales

November 9 — DeFi liquidity management layer Delta published a statement clarifying recent community concerns. The team said that early in the project it conducted an OTC transaction, allocating 2.6% of supply (26 million DELTA) to a partner in exchange for operating capital and marketing support. Of that, 16.5 million tokens (1.65%) have been sold, while 9.5 million (0.95%) remain in two receiving wallets. The team acknowledged it set no vesting period, lockup period or other restrictions on the tokens allocated to the partner, and is unable to control its subsequent selling behavior. After trying to communicate with the partner in search of a solution, the two sides failed to reach a consensus; the team provided detailed on-chain transaction records to prove that the team itself did not sell tokens directly.