陡峭的价格校正后，Solayer（层）聚焦了，削减了近一半的市场价值

Solayer是一个基于Solana的Restaking Project，在价格陡峭的价格校正后，Solayer在不到48小时内的市场价值中消除了近一半的市场价值。

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）价格在5月6日进一步滑行，因为Solana项目在价格较高的价格校正后面临越来越多的审查，其代币在不到48小时的时间内损失了近一半的市场价值。

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.

随着更广泛的加密市场显示出最近经济低迷的迹象，图层令牌在24小时内下降了47％以上。在撰写本文时，它的交易价格为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是一个基于SOLANA的重新制作项目，声称使用其硬件加速区块链框架来推动1层可扩展性的边界。它由新型的Infinisvm执行层提供动力，该架构旨在使用RDMA和Infiniband等技术扩展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.

根据该项目的网站，其系统能够每秒达到超过100万笔交易，而100 Gbps吞吐量的延迟最小。

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是该项目的本地治理令牌，持有者用来对网络升级，生态系统赠款和财政部控制进行投票。但是，该项目的代币分销数据表明，截至5月3日，只有10亿最高供应中只有21％流通，仍有79％的货物锁定。

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.

预定的5月11日解锁将有1.29亿个令牌（占总供应总额的12.9％）已释放到市场上，将循环供应量增加了61％以上。即将稀释和大型持有人进行协调的市场活动的报道激发了人们担心最近的崩溃不是偶然的，而是经过设计的。

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的代币最近受到了殴打，其价格从5月5日的历史最高售价为3.41美元，到5月6日的低点。在撰写本文时，Token的交易价格为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.

根据一位交易者的X邮报，自周一以来，令牌下降了46％以来，一名主要供应持有人在亚洲交易会期间执行了行动。该报告声称，持有人使用永恒的期货来建立杠杆率的短期职位，同时也将现货持有作为零售实力。

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

当时，Binance Futures的资金率为-2.3067％，这表明了短方面的压力增加。

A Classic Exit Scam?

经典出口骗局？

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.

与Coinchapter共享的交易者的分析表明，这些行动符合出口骗局的账单。 5月11日，只有2.1亿个令牌的流通和1.29亿个将要解锁，拥有大型锁定分配的内部人士既有动机，也有机会实现此类措施。

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.

随着Solayer的代币达到历史最高水平，演员开始以高价倾倒自己的现货持有量，并将自己定位为Solana Project的代币滑行。

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.

该报告补充说，开放兴趣的同时增长和现场累积三角洲的崩溃进一步支持了这一理论。缺乏透明的归属数据增加了问题。虽然标准的标记学虽然将20-30％分配给早期投资者，而该团队则为15-20％，但Solayer尚未发布任何此类故障。

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.

这种不透明的使操纵空间。如果内部人员控制大部分锁定令牌，那么正如当前结构所暗示的那样，他们可以计时他们的市场围绕解锁时间表即可。

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.

该结构将使零售投资者吸收下跌，同时内部人士利用波动。但是，除非团队立即以完全透明度和结构改革来解决这些主张，否则该项目可能会失去投资者的信心。