DeBank’s top 10 whale wallet address trader @DefiSquared posted on social media that the Sui Foundation is deliberately distorting SUI emissions, and there is evidence that the Sui team is transferring locked and non-negotiable SUI staking rewards to Binance sell off.
@DefiSquared stated that the SUI supply is actually increasing daily, including emissions from locked SUI allocations (such as VC shares) that are free to unlock without restriction. Pledge release is roughly equivalent to an additional release of 33,000,000 SUI per month. Of the 600 million SUI circulating supply, approximately 250 million are non-base circulating supply, which means that these releases have increased by 10% of the non-base circulating supply.
In addition to the monthly token supply, there is also a monthly non-base circulating SUI of 37 million from Launchpad. In other words, if investors hold SUI, their current monthly holdings will be diluted by about 20%.
In addition, according to the data on the chain, the SUI Foundation, which has nearly 3 billion non-circulating and locked SUI (6 times the entire circulating supply), is selling unlocking rewards on the open market. The foundation address (holding 2.7 billion SUI) has sent 27,000,000 SUI to the Binance platform.