Sui Network (SUI) 將於 2025 年 1 月 1 日解鎖價值近 3 億美元的原生代幣

Sui Network (SUI) 將於2025 年1 月1 日解鎖價值近3 億美元的原生代幣。股。

The Sui Network (SUI) will unlock nearly $300 million worth of its native token on January 1, 2025. This is part of Sui tokenomics and monthly unlock schedule that inflates SUI’s circulating supply and dilutes investors’ holdings.

Sui Network (SUI) 將於2025 年1 月1 日解鎖價值近3 億美元的原生代幣。股。

Finbold has been monitoring and reporting Sui cliff unlocks according to data from Tokenomist. For example, December 1 saw Sui’s largest unlock in U.S. dollar value to date due to SUI’s ongoing price increase, unlocking $224 million worth of 64.19 million tokens.

Finbold 一直在根據 Tokenomist 的數據監測和報告 Sui 懸崖解鎖情況。例如，由於 SUI 的持續價格上漲，12 月 1 日，Sui 實現了迄今為止最大的美元價值解鎖，解鎖了價值 2.24 億美元的 6,419 萬個代幣。

The phenomenon is set to repeat on 2025’s first day if SUI continues trading close to its current level. Indeed, the usual 64.19 million SUI unlock currently holds a nominal value of $274.11 million. This will artificially increase Sui’s circulating supply and market capitalization by 2.19% after the token unlock.

如果 SUI 繼續接近當前水平，這種現象將在 2025 年第一天重演。事實上，通常的 6,419 萬個 SUI 解鎖目前的名義價值為 2.7411 億美元。這將在代幣解鎖後人為地增加Sui的流通量和市值2.19%。

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Interestingly, there are still 1.85 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 18.5 億 SUI 鎖定在預定解鎖的既得合約中。超過 52.2 億鎖定的 SUI 代幣尚未安排，被 Tokenomist 歸類為「TBD 鎖定」。

Nearly $600 million of token unlocks next week

下週將解鎖近 6 億美元的代幣

Overall, “Cliff Unlocks” data from Tokenomist also shows that $581.95 million will be unlocked by 43 cryptocurrency projects in the next seven days. Other projects with significant unlocks are Optimism (OP) and ImmutableX (IMX), with $60.80 million and $36.04 million, respectively.

總體而言，Tokenomist 的「Cliff Unlocks」數據還顯示，未來 7 天內，43 個加密貨幣項目將解鎖 5.8195 億美元。其他已解鎖的項目有 Optimism (OP) 和 ImmutableX (IMX)，分別為 6,080 萬美元和 3,604 萬美元。

Yet, SUI still represents the largest share, unlocking approximately 50% of all cliff unlocks for the upcoming week.

然而，SUI 仍然佔據最大份額，解鎖了下週所有懸崖解鎖的大約 50%。

SUI tokenomics and market effects

SUI 代幣經濟學和市場影響

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 輪和 B 輪投資者獲得的資金最多，每人獲得超過 1,900 萬枚 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。

So far, the Sui Network has already unlocked 29% of its maximum capped supply of 10 billion SUI. At $4.27 per token, the “Solana-killer” has a fully diluted value (FDV) of $42.70 billion. This is a similar value to Circle’s USDC circulating market cap by press time.

到目前為止，Sui Network已經解鎖了最大供應量100億SUI的29%。以每個代幣 4.27 美元的價格，「Solana 殺手」的完全稀釋價值 (FDV) 為 427 億美元。截至發稿時，這與 Circle 的 USDC 流通市值相似。

Notably, each time the network unlocks more tokens, it increases the potential selling pressure and artificially inflates the market cap.

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。

Furthermore, 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.

此外，Sui 擁有獨特的代幣經濟學，允許 Mysten Labs 和 A/B 系列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。

Featured image from Shutterstock.

來自 Shutterstock 的精選圖片。