Sui Network has taken steps to address what it deems as “misleading” information regarding the token supply and its impact on retail investors. In a statement on the social media platform X, Sui Network explains that third-party custodians are responsible for safeguarding locked SUI tokens, which cannot be moved until they are unlocked according to the project’s token emission schedule.
The developer behind the project, Mysten Labs, is not involved with the Sui Foundation’s treasury, community reserve, stake subsidies, or any other tokens allocated to investors. The Sui Foundation, on the other hand, holds the largest amount of locked tokens, which will be unlocked in accordance with the public emissions schedule. These tokens are utilized to support builders, advance the Move programming language, enhance network security, and grow the ecosystem through various initiatives such as developer grants, hackathons, bug bounties, and academic research.
Staking rewards, which consist of stake subsidies and network fees, are already in circulation. Additionally, all staking rewards earned by the Sui Foundation are returned to the community and included in the public emission schedule.
As of now, SUI has a maximum supply of 10 billion tokens, with a circulating supply of 2.33 billion. According to TokenUnlocks, the circulating supply is expected to increase to approximately 3.6 billion over the next year.
In terms of market performance, SUI is currently trading at $1.13, with a market cap of $2.64 billion and a fully diluted valuation of $11.318 billion.
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