陡峭的價格校正後，Solayer（層）聚焦了，削減了近一半的市場價值

Solayer是一個基於Solana的Restaking Project，在價格陡峭的價格校正後，Solayer在不到48小時內的市場價值中消除了近一半的市場價值。

Solayer (LAYER) price slid further on May 6 as the Solana project faced increased scrutiny following a steep price correction that saw its token lose nearly half its market value in under 48 hours.

Solayer（Layer）價格在5月6日進一步滑行，因為Solana項目在價格較高的價格校正後面臨越來越多的審查，其代幣在不到48小時的時間內損失了近一半的市場價值。

As the broader crypto market showed signs of recovery from the recent downturn, LAYER token fell over 47% in 24 hours. At the time of writing, it was trading at $1.8.

隨著更廣泛的加密市場顯示出最近經濟低迷的跡象，圖層令牌在24小時內下降了47％以上。在撰寫本文時，它的交易價格為1.8美元。

Solayer is a Solana-based restaking project that claims to push the boundaries of Layer-1 scalability with its hardware-accelerated blockchain framework. It is powered by the novel InfiniSVM execution layer, an architecture designed to scale the Solana Virtual Machine (SVM) using technologies like RDMA and InfiniBand.

Solayer是一個基於SOLANA的重新製作項目，聲稱使用其硬件加速區塊鏈框架來推動1層可擴展性的邊界。它由新型的Infinisvm執行層提供動力，該架構旨在使用RDMA和Infiniband等技術擴展Solana Virtual Machine（SVM）。

According to the project's website, its system is capable of achieving over 1 million transactions per second and over 100 Gbps throughput with minimal latency.

根據該項目的網站，其係統能夠每秒達到超過100萬筆交易，而100 Gbps吞吐量的延遲最小。

LAYER is the project's native governance token, used by holders to vote on network upgrades, ecosystem grants, and treasury control. The project's token distribution data, however, shows that only 21% of the 1 billion maximum supply was in circulation as of May 3, with 79% still locked.

Layer是該項目的本地治理令牌，持有者用來對網絡升級，生態系統贈款和財政部控制進行投票。但是，該項目的代幣分銷數據表明，截至5月3日，只有10億最高供應中只有21％流通，仍有79％的貨物鎖定。

A scheduled unlock on May 11 will see 129 million tokens—12.9% of the total supply—released into the market, increasing the circulating supply by over 61%. The pending dilution and reports of large holders engaging in coordinated market activity have fueled fears that the recent crash was not accidental but engineered.

預定的5月11日解鎖將有1.29億個令牌（佔總供應總額的12.9％）已釋放到市場上，將循環供應量增加了61％以上。即將稀釋和大型持有人進行協調的市場活動的報導激發了人們擔心最近的崩潰不是偶然的，而是經過設計的。

Solayer's token has been battered in recent times, with its price falling from an all-time high of $3.41 on May 5, to a low of $1.8 on May 6. At the time of writing, the token was trading at $1.74.

Solayer的代幣最近受到了毆打，其價格從5月5日的歷史最高售價為3.41美元，到5月6日的低點。在撰寫本文時，Token的交易價格為1.74美元。

The token's 46% decline since Monday saw a major supply holder execute a move during the Asia trading session, according to one trader's X post. The report claims that the holder used perpetual futures to build a leveraged short position, while also dumping spot holdings as retail strength held.

根據一位交易者的X郵報，自周一以來，令牌下降了46％以來，一名主要供應持有人在亞洲交易會期間執行了行動。該報告聲稱，持有人使用永恆的期貨來建立槓桿率的短期職位，同時也將現貨持有作為零售實力。

At the time, the funding rate on Binance Futures was -2.3067%, which showcases the increased pressure on the short side.

當時，Binance Futures的資金率為-2.3067％，這表明了短方面的壓力增加。

A Classic Exit Scam?

經典出口騙局？

The trader's analysis, which was shared with CoinChapter, suggests that the actions fit the bill of an exit scam. With only 210 million tokens in circulation and a further 129 million set to unlock on May 11, insiders who have large locked allocations had both the motive and the opportunity to pull off such a move.

與Coinchapter共享的交易者的分析表明，這些行動符合出口騙局的賬單。 5月11日，只有2.1億個令牌的流通和1.29億個將要解鎖，擁有大型鎖定分配的內部人士既有動機，也有機會實現此類措施。

As Solayer's token hit its all-time high, the actor began dumping their spot holdings at elevated prices and positioned themselves to profit as the Solana project's token slid.

隨著Solayer的代幣達到歷史最高水平，演員開始以高價傾倒自己的現貨持有量，並將自己定位為Solana Project的代幣滑行。

The report adds that the simultaneous rise in open interest and collapse in spot cumulative delta supports this theory further. The lack of transparent vesting data adds to the concerns. While standard tokenomics see 20-30% allocated to early investors and 15-20% to the team, Solayer has yet to release any such breakdowns.

該報告補充說，開放興趣的同時增長和現場累積三角洲的崩潰進一步支持了這一理論。缺乏透明的歸屬數據增加了問題。雖然標準的標記學雖然將20-30％分配給早期投資者，而該團隊則為15-20％，但Solayer尚未發布任何此類故障。

This opacity leaves room for manipulation. If insiders control a majority of the locked tokens, as the current structure suggests, they have the ability to time their market exits around unlock schedules.

這種不透明的使操縱空間。如果內部人員控制大部分鎖定令牌，那麼正如當前結構所暗示的那樣，他們可以計時他們的市場圍繞解鎖時間表即可。

The structure will see retail investors absorb the downside while insiders capitalize on the volatility. But, unless the team immediately addresses these claims with complete transparency and structural reform, the project risks losing investor confidence.

該結構將使零售投資者吸收下跌，同時內部人士利用波動。但是，除非團隊立即以完全透明度和結構改革來解決這些主張，否則該項目可能會失去投資者的信心。