Whale trader KOL: Sui Foundation did not disclose the true token emission amount, and SUI holders' coin holdings may be diluted by 20% every month.
BlockBeats reported on June 27th that @DefiSquared, one of the top 10 whale wallet traders on DeBank, posted on social media that the Sui Foundation is intentionally distorting the SUI emission rate. There is evidence that the Sui team is transferring "locked" and "non-circulating" SUI staking rewards to Binance for sale.
@DefiSquared stated that the actual SUI supply is increasing every day, including emissions from "locked" SUI allocations (such as VC shares), which are freely unlocked and unrestricted. The staking release is equivalent to approximately 33,000,000 additional SUI released per month, out of the circulating supply of 600,000,000 SUI. Approximately 250,000,000 of these are non-basic circulating supplies, which means that these releases have increased by 10% in non-basic circulating supplies. In addition to monthly token supply, there are also 37,000,000 non-basic circulating SUI per month from Launchpad. This means that if an investor holds SUI, their share of the token will be diluted by approximately 20% per month.
Furthermore, according to on-chain data, the Sui Foundation, which holds nearly 3 billion non-circulating and locked staked SUI (6 times the entire circulating supply), is publicly selling unlocked rewards on the market. The foundation address (holding 2.7 billion SUI) has sent 27,000,000 SUI to the Binance platform.