SHELL's supply data remains an important source of uncertainty when comparing market capitalization figures.
Some trackers reported circulating supply around 270 million tokens, while others used figures closer to 474 million.
Since market capitalization is calculated by multiplying token price by circulating supply, different supply estimates can produce significantly different valuation figures.
This is why the reported market capitalization on November 14–15 ranged approximately from $7.5 million to $13.5 million.
The difference does not necessarily mean one price feed is incorrect. It may reflect different supply definitions, data updates or methodologies.
Until supply figures are reconciled through reliable confirmation, reporting a range is more responsible than presenting one estimate as definitive.
#TokenSupply #MarketCap #CryptoTransparency
Some trackers reported circulating supply around 270 million tokens, while others used figures closer to 474 million.
Since market capitalization is calculated by multiplying token price by circulating supply, different supply estimates can produce significantly different valuation figures.
This is why the reported market capitalization on November 14–15 ranged approximately from $7.5 million to $13.5 million.
The difference does not necessarily mean one price feed is incorrect. It may reflect different supply definitions, data updates or methodologies.
Until supply figures are reconciled through reliable confirmation, reporting a range is more responsible than presenting one estimate as definitive.
#TokenSupply #MarketCap #CryptoTransparency