Sui Network (SUI) 将于 12 月 1 日星期日解锁超过 2 亿美元的代币

这将是隋迄今为止最大的悬崖解锁（按名义价值计算），将造成严重的供应膨胀和稀释，影响投资者。

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.

作为其计划的一部分，Sui Network (SUI) 将于 12 月 1 日星期日解锁超过 2 亿美元的代币。这将是隋迄今为止最大的悬崖解锁（按名义价值计算），将造成严重的供应膨胀和稀释，影响投资者。

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.

每个月的第一天，Sui 从既定合约中解锁 6419 万个代币，分配给五个预定义的类别。 Finbold 于 11 月 27 日从 Tokenomist 收集了数据，查看了之前和即将发生的事件的详细信息。

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轮和B轮私人投资者获得的份额最大，每人获得超过1900万个SUI，占总数的61%。 Mysten Labs 获得剩余的 2503 万枚，其中 1263 万枚留给社区，1034 万枚留给早期贡献者，207 万枚留给其金库。

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.

按照目前的价格计算，周日的解锁价值将达到 2.1569 亿美元，SUI 的易手价格为每个代币 3.36 美元。这几乎是 11 月 1 日解锁的悬崖价格的两倍，后者价值 1.2668 亿美元，价格为 1.97 美元。据 Finbold 报道，10 月份，该项目解锁了相同数量的代币，价值 1.05 亿美元。

Sui token unlocks and tokenomics

Sui 代币解锁和代币经济学

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.

到目前为止，Sui Network已经解锁了其最大供应量100亿SUI的28%。以每个代币 3.36 美元的价格，“Solana 杀手”的完全稀释价值 (FDV) 为 336 亿美元。这与截至发稿时卡尔达诺（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 的流通量为 28.7 亿枚，目前市值为 96.4 亿美元，排名第 18 位。值得注意的是，每次网络解锁更多代币，都会增加潜在的抛售压力并人为地抬高市值。

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.

根据经济规律，供应的增加需要类似或更好的需求增加来维持其价格。这就是为什么 Sui 迄今为止最大的悬崖解锁对 SUI 投资者构成了第一时间的威胁，稀释了他们所持股份的价值。

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 拥有独特的代币经济学，允许 Mysten Labs 和 A/B 轮投资者抵押其锁定的代币。这些头寸会针对其他质押投资者产生不对称的流动性奖励，从而允许这些实体随着时间的推移出售这些奖励或复合其质押头寸。

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.

根据 Stake Rewards 的数据，目前有 78.3 亿个 SUI 处于质押状态，总计 263.8 亿美元的质押市值。因此，Sui 的代币经济学引起了专家的关注，他们更加重视 SUI 的 FDV 而不是其资本化。

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 有一个很棒的设计，除了它的代币经济学：SUI 声称其供应上限为 10B，其中 52% 在 2030 年之前“未分配”。问题是，现在有超过 8B SUI 被质押！超过 84%质押供应量由创始人持有！ 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.

尽管如此，即将释放的超过 2.25 亿美元的巨额资金可能会在接下来的几天内造成巨大的抛售压力。交易者和投资者应密切关注 SUI 的价格走势，特别是关注链上走势和交易所存款。

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