Sui Network is taking action against what it calls “misleading” claims about the distribution of its token supply, which some argue is unfavorable to 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, and these tokens cannot be moved until they are unlocked according to the project’s token emission schedule.
Sui Network also clarifies that Mysten Labs, the developer behind the project, has no involvement with the Sui Foundation’s treasury, community reserve, stake subsidies, or any other tokens allocated to investors.
“The Sui Foundation holds the largest amount of locked tokens, which will be unlocked in accordance with the public emission schedule. These tokens are used to support builders, advance the Move programming language, enhance network security, and grow the ecosystem through initiatives such as developer grants, hackathons, bug bounties, academic research, and more.
Staking rewards are already in circulation as they consist of stake subsidies and network fees. Additionally, 100% of 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.


Source:
Sui Foundation
The current trading price of SUI is $1.13, with a market capitalization of $2.64 billion and a fully diluted valuation (FDV) of $11.318 billion.
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