diff --git a/x/ibchooks/marker_hooks.go b/x/ibchooks/marker_hooks.go
index b3a868144d..67c657c2c9 100644
--- a/x/ibchooks/marker_hooks.go
+++ b/x/ibchooks/marker_hooks.go
@@ -96,7 +96,7 @@ func (h MarkerHooks) createNewIbcMarker(ctx sdktypes.Context, data transfertypes
 		allowForceTransfer,
 		[]string{},
 	)
-	h.adjustSupply(ctx, marker)
+	h.getExistingSupply(ctx, marker)
 	if err = ResetMarkerAccessGrants(transferAuthAddrs, marker); err != nil {
 		return err
 	}
@@ -106,8 +106,9 @@ func (h MarkerHooks) createNewIbcMarker(ctx sdktypes.Context, data transfertypes
 	return h.addDenomMetaData(ctx, packet, ibcKeeper, ibcDenom, data)
 }
 
-// adjustSupply updates marker account's supply, this ensures the supply is correct for ibc coins that may exist before a marker is created
-func (h MarkerHooks) adjustSupply(ctx sdktypes.Context, marker *markertypes.MarkerAccount) {
+// getExistingSupply updates marker account's supply, this ensures the supply is correct for ibc coins that may exist before a marker is created.
+// The current circulation will be 0 if the ibc coin does not exist yet.
+func (h MarkerHooks) getExistingSupply(ctx sdktypes.Context, marker *markertypes.MarkerAccount) {
 	currentSupply := h.MarkerKeeper.CurrentCirculation(ctx, marker)
 	marker.SetSupply(marker.GetSupply().Add(sdktypes.NewCoin(marker.Denom, currentSupply)))
 }