KLED Token Dump Allegations: Avi Patel Accuses Ben Pasternak of Continuous KLED Selloffs, Forcing OTC Buybacks

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.