With $SUI buybacks, where the tokens go matters as much as the purchase.
The Foundation's official page says stablecoin yield funds open-market purchases, then the SUI is distributed to ecosystem participants, including validators and DeFi partners. Total supply stays unchanged.
I see this as funding ecosystem activity rather than permanently shrinking supply. When you read a buyback headline, following the tokens after the purchase helps explain what holders actually get.
The Foundation's official page says stablecoin yield funds open-market purchases, then the SUI is distributed to ecosystem participants, including validators and DeFi partners. Total supply stays unchanged.
I see this as funding ecosystem activity rather than permanently shrinking supply. When you read a buyback headline, following the tokens after the purchase helps explain what holders actually get.