PANews reported on October 5 that the Sui Foundation announced today that it will recover 117 million $SUI from external market makers and redistribute them to various channels to support the growth of the Sui network. L1 blockchain Sui launched its mainnet in May this year. Since these $SUI have been released before, their redistribution will not affect the circulation supply of $SUI.

These $SUI also include the recently announced 25 million staked $SUI for the winners of the Sui Liquidity Staking Hackathon. According to PANews, the Sui Liquidity Staking Hackathon ended the Demo Day demonstration a few days ago, with five teams winning awards and six teams being honored. In addition, two teams won the bounty provided by the DeFi protocol on Sui.