Delta Team Statement: Early off-chain sale of 2.6% of tokens, with 16.5 million tokens already sold.

DeFi liquidity management protocol Delta has issued a statement to clarify recent controversies. During its early launch phase on August 24, the TVL of its Pools platform stood at approximately $50,000, with DELTA’s market cap around $3 million. The team completed an over-the-counter (OTC) transaction involving 2.6% of DELTA’s total supply (26 million tokens) to secure operational funds and marketing support. These tokens were distributed from the creator’s wallet to five recipient addresses: 16.5 million tokens (about 1.65% of total supply) have been sold, while 9.5 million tokens (around 0.95% of total supply) remain in two recipient wallets. The team admitted the transaction could have been handled better, noting that vesting periods or lock-up restrictions should have been implemented, and that they had placed excessive trust in their partner. The partner was able to freely dispose of and sell its share without any restrictions set by the team, which could not control subsequent sell-offs. The team had originally expected to be notified before any significant sell-offs. Prior to its first public announcement, the team contacted the partner to reach a resolution, but after failing to do so, it released on-chain evidence publicly. On November 7, an address labeled “Frogmanhaha Funding Wallet” transferred 0.01 ETH to each of the five recipient wallets over roughly three minutes. Three of these wallets collectively sent around 101,500 USDG back to the funding wallet. Delta stated the OTC deal supported early-stage operations and that the agreed support was delivered, but the subsequent sell-off was not communicated in advance. The team said it takes responsibility for its decisions.