The Supply Gap and Fully Diluted Valuation

Some market trackers report SHELL circulating supply near 270 million, while others report figures closer to 458 million.

With a maximum supply of 1 billion tokens, these estimates imply very different circulating-supply ratios.

The difference affects reported market capitalization and how investors interpret fully diluted valuation.

Before making tokenomics comparisons, check the supply methodology and update date of each source.

#Tokenomics #FDV #SHELL