According to BlockBeats, on October 5, The Block reported that the Sui Foundation is reallocating 117 million SUI tokens and said it plans to "redirect" them to develop its ecosystem. In order to drive further growth, the Sui Foundation announced that it would reallocate $117 million of native tokens (about $51 million) and then "inject them into various channels," the organization said in a statement. This accounts for 13.6% of its circulating supply and 1% of its total supply. Since the SUI token has been released, the reallocation will not affect the circulating supply. According to CoinGecko, since the Layer 1 blockchain Sui went live on the mainnet in May, the price of SUI has plummeted to $0.44 from its initial trading price of $1.40 in May. The Sui Foundation's "community reserve" owns "more than half of the SUI tokens," which are being used for "various community projects."