SUI Network（SUI）将解锁价值2.5亿美元的本地代币，稀释投资者的持股

SUI Network（SUI）将于2月1日解锁超过2.5亿美元的原住民代币。这是SUI Tokenomics和每月解锁计划的一部分，可膨胀SUI的流通供应并稀释投资者的持股。

The Sui Network (SUI) will unlock over $250 million in its native token on February 1. This is part of Sui tokenomics and a monthly unlock schedule that inflates SUI’s circulating supply and dilutes investors’ holdings.

SUI Network（SUI）将于2月1日在其本地代币中解锁超过2.5亿美元。这是SUI Tokenomics的一部分，也是每月一次的Unlrock Sugert，该计划膨胀了SUI的流通供应并稀释了投资者的持股。

Finbold has been monitoring and reporting Sui cliff unlocks. For example, December 1 saw Sui’s largest unlock in U.S. dollar value of 2024, unlocking $224 million worth of 64.19 million tokens. January 2025 had an even larger unlock nominal value for the same amount, valued at $274 million, as reported.

Finbold一直在监视和报告SUI Cliff解锁。例如，12月1日，Sui以2024年的美元价值解锁，解锁了2.24亿美元，价值6419万个令牌。据报道，2025年1月具有相同数量的象征价值更大，据报道，价值为2.74亿美元。

The phenomenon is set to repeat tomorrow, on Saturday, if SUI continues trading close to its current level. Indeed, the usual 64.2 million SUI unlock currently holds a nominal value of $269.62 million. This will artificially increase Sui’s circulating supply and market capitalization by 2.1% after the token unlock.

如果Sui继续接近目前的交易，这一现象将于明天（星期六）重复。确实，通常的6420万SUI解锁目前的名义价值为2.662亿美元。在代币解锁后，这将人为地将SUI的循环供应和市值增加2.1％。

Interestingly, there are still 1.77 billion SUI locked in vested contracts with a scheduled unlock. Over 5.22 billion of locked SUI tokens are not yet scheduled, classified as “TBD locked” by Tokenomist.

有趣的是，仍有17.7亿SUI锁定在既得合同中，并计划解锁。超过52.2亿个锁定的SUI令牌尚未安排，将令牌主义者归为“ TBD锁定”。

Over $500 million in token unlocks next week

下周超过5亿美元的令牌解锁

Overall, “Cliff Unlocks” data from Tokenomist also shows that $539.16 million will be unlocked by 40 cryptocurrency projects in the next seven days. Other projects with significant unlocks are XDC Network (XDC) and Ethena (ENA), with $93.43 million and $39.09 million, respectively.

总体而言，从代币主义者那里的“悬崖解锁”数据还表明，在接下来的七天内，将为40个加密货币项目解锁5.391亿美元。其他具有重大解锁的项目是XDC Network（XDC）和Ethena（ENA），分别为9,343万美元和3909万美元。

Yet, SUI still represents the largest share, unlocking nearly 50% of all upcoming cliff events for the next week on Tokenomist. However, Ripple’s XRP leads, as usual, the largest monthly unlocks in USD value of the entire market, unlocking over $3 billion in XRP on the same day as Sui.

然而，SUI仍然代表了最大的份额，下周在下周关于令牌主义者的所有即将到来的悬崖活动中近50％。但是，像往常一样，Ripple的XRP领先是整个市场价值的每月最大的Unlock，在SUI的同一天，XRP超过30亿美元。

SUI tokenomics and market effects

SUI令牌学和市场影响

Sui Series A and B investors receive the most, 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.

SUI A系列和B投资者获得最多的收益，分别获得超过1900万SUI，占总数的61％。 Mysten Labs获得了剩余的2503万，为社区保留了1,263万，早期贡献者为1,034万，其财政部保留了207万。

So far, the Sui Network has already unlocked 3 billion (30%) of its maximum capped supply of 10 billion SUI. At $4.20 per token, the “Solana-killer” has a fully diluted value (FDV) of $42 billion. This would put SUI, currently with a $12.6 billion capitalization, between Dogecoin (DOGE) and Cardano (ADA), each with a $49.9 billion and $34.9 billion market cap, respectively.

到目前为止，SUI网络已经解锁了其100亿SUI的最大封顶供应量的30亿（30％）。 “ Solana-killer”的价格为4.20美元，其价值（FDV）为420亿美元。这将使SUI在Dogecoin（Doge）和Cardano（ADA）之间，目前拥有126亿美元的资本化，分别为499亿美元和349亿美元的市值。

Each time the network unlocks more tokens, it increases the potential selling pressure and artificially inflates the market cap. An increasing supply requires a similar, or better, increased demand to sustain its prices, according to the laws of economics. On that note, Adeniyi Abiodun revealed that the world’s “largest consumer platform” is coming to Sui Network this year.

每次网络解锁更多令牌时，它都会增加潜在的销售压力并人为地膨胀市值。根据经济法则，供应不断增加的供应需要相似或更好地增加其价格的需求。在这一点上，Adeniyi Abiodun透露，世界上“最大的消费者平台”今年即将到来。

On a cautionary perspective, 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.

从警告性的角度来看，Sui具有独特的令牌学，这使Mysten Labs和Series A/B投资者可以将其锁定令牌放置。这些职位会对其他Staking投资者产生不对称的液体奖励，从而使这些实体可以出售这些奖励或随着时间的流逝而使其静止状态更加复杂。