Sui Network (SUI) 將於 12 月 1 日星期日解鎖超過 2 億美元的代幣

這將是隋迄今為止最大的懸崖解鎖（以名義價值計算），將造成嚴重的供應膨脹和稀釋，影響投資者。

Sui Network (SUI) will unlock over $200 million in tokens this Sunday, December 1, as part of its schedule. This will be Sui’s largest cliff unlock (in nominal value) to date, creating significant supply inflation and dilution, affecting investors.

作為其計劃的一部分，Sui Network (SUI) 將於 12 月 1 日星期日解鎖超過 2 億美元的代幣。這將是隋迄今為止最大的懸崖解鎖（以名義價值計算），將造成嚴重的供應膨脹和稀釋，影響投資者。

Every month, on day one, Sui unlocks 64.19 million tokens from vested contracts, distributed to five pre-defined categories. Finbold gathered data from Tokenomist on November 27, looking at details for the previous and upcoming events.

每個月的第一天，Sui 從既定合約解鎖 6,419 萬個代幣，分配給五個預先定義的類別。 Finbold 於 11 月 27 日從 Tokenomist 收集了數據，查看了先前和即將發生的事件的詳細資訊。

Private Series A and B investors receive the largest portion, getting over 19 million SUI each, for 61% of the total. Mysten Labs gets the remaining 25.03 million, reserving 12.63 million for the community, 10.34 million for early contributors, and 2.07 million for its treasury.

A輪和B輪私人投資者獲得的份額最大，每人獲得超過1,900萬個SUI，佔總數的61%。 Mysten Labs 獲得剩餘的 2,503 萬枚，其中 1,263 萬枚留給社區，1,034 萬枚留給早期貢獻者，207 萬枚留給其金庫。

At current prices, Sunday’s unlock will be worth $215.69 million as SUI changes hands at $3.36 per token. This is nearly twice as much as the cliff unlock from November 1, which was worth $126.68 million at $1.97. In October, the project unlocked the same amount of tokens, which were valued at $105 million, as Finbold reported.

以目前的價格計算，週日的解鎖價值將達到 2.1569 億美元，SUI 的易手價格為每個代幣 3.36 美元。這幾乎是 11 月 1 日解鎖的懸崖價格的兩倍，後者價值 1.2668 億美元，價格為 1.97 美元。根據 Finbold 報道，10 月份，該項目解鎖了相同數量的代幣，價值 1.05 億美元。

Sui token unlocks and tokenomics

Sui 代幣解鎖和代幣經濟學

So far, the Sui Network has already unlocked 28% of its maximum capped supply of 10 billion SUI. At $3.36 per token, the “Solana-killer” has a fully diluted value (FDV) of $33.60 billion. This is a similar value to Cardano’s (ADA) circulating market cap at press time.

到目前為止，Sui Network已經解鎖了最大供應量100億SUI的28%。以每個代幣 3.36 美元的價格，「Solana 殺手」的完全稀釋價值 (FDV) 為 336 億美元。這與截至發稿時卡爾達諾（ADA）的流通市值相似。

With 2.87 billion SUI in circulation, its current market capitalization is $9.64 billion, giving Sui the 18th position. Notably, each time the network unlocks more tokens, it increases the potential selling pressure and artificially inflates the market cap.

Sui 的流通量為 28.7 億枚，目前市值為 96.4 億美元，排名第 18 位。值得注意的是，每次網路解鎖更多代幣，都會增加潛在的拋售壓力並人為地抬高市值。

An increasing supply requires a similar, or better, increased demand to sustain its prices, according to the laws of economics. This is why Sui’s largest cliff unlock to date represents a first-moment threat to SUI investors, diluting their holdings’ value.

根據經濟規律，供應的增加需要類似或更好的需求增加來維持其價格。這就是為什麼 Sui 迄今為止最大的懸崖解鎖對 SUI 投資者構成了第一時間的威脅，稀釋了他們所持有股份的價值。

Interestingly, Sui has a unique tokenomics, which allows Mysten Labs and Series A/B investors to stake their locked tokens. These positions generate asymmetric liquid rewards against other staking investors, allowing these entities to sell these rewards or compound their staking positions over time.

有趣的是，Sui 擁有獨特的代幣經濟學，允許 Mysten Labs 和 A/B 輪投資者抵押其鎖定的代幣。這些頭寸會針對其他質押投資者產生不對稱的流動性獎勵，從而允許這些實體隨著時間的推移出售這些獎勵或複合其質押頭寸。

According to Staking Rewards, there are 7.83 billion SUI in staking, totaling $26.38 billion staking market cap. Because of that, Sui’s tokenomics have raised concerns among experts, giving higher importance to SUI’s FDV instead of its capitalization.

根據 Stake Rewards 的數據，目前有 78.3 億個 SUI 處於質押狀態，總計 263.8 億美元的質押市值。因此，Sui 的代幣經濟學引起了專家的關注，他們更加重視 SUI 的 FDV 而不是其資本化。

1/16) SUI has a great design, except for its token economics:SUI claims to have a capped supply of 10B, with 52% being "unallocated" till 2030The problem is that over 8B SUI is being staked right now!Over 84% of the staked supply is held by founders! SUI is centralized: 🧵

1/16) SUI 有一個很棒的設計，除了它的代幣經濟學：SUI 聲稱其供應上限為10B，其中52% 在2030 年之前「未分配」。 ！ SUI 是中心化的：🧵

Nevertheless, the massive upcoming unlock of over $225 million could create significant selling pressure in the following days. Traders and investors should closely monitor SUI’s price action, in particular, looking at onchain movements and exchange deposits.

儘管如此，即將釋放的超過 2.25 億美元的巨額資金可能會在接下來的幾天內造成巨大的拋售壓力。交易者和投資者應密切關注 SUI 的價格走勢，特別是關注鏈上走勢和交易所存款。

Featured image from Shutterstock.

來自 Shutterstock 的精選圖片。