Mystery of the Locked SUI Tokens
The Sui Foundation has refuted allegations of unlocking SUI staking rewards and selling them on the Binance exchange.
In a Twitter post, the foundation stated, “All insider token allocations remain subject to and compliant with their lock-ups and other restrictions on transfer.”
Yesterday, the Sui team faced accusations of selling over 60 million SUI tokens that were supposed to be locked up daily. Research reveals that despite claims of locked assets, the Sui team has 2.9 billion staked SUI coins. Interestingly, the official SUI market circulation supply does not account for a fund consisting of 250 million coins, resulting in a monthly inflation rate of approximately 20%.
The author of the research highlighted, “This inflation rate surpasses that of the hyperinflating Venezuelan Bolivar in 2022.”
Furthermore, the research author presented evidence suggesting that the public unlocking schedule for SUI coins does not align with reality, and new coins are actually being released into the market on a daily basis.
