The circulating supply of $SHELL still differs significantly across data-tracking platforms.
Some trackers use a figure of around 270 million tokens, while other sources report a number closer to 474 million.
This difference directly affects how market capitalization is calculated. At the same price, a higher circulating supply results in a larger calculated market cap.
In reports dated 14–15/11, market capitalization was estimated at between 7.5 and 13.5 million USD, depending on the source.
It is important not to confuse total supply, unlocked supply, and circulating supply. These are different concepts, and platforms may use different methodologies to track them.
When supply data is inconsistent, publishing a range of values along with the sources consulted is more transparent.
#SHELL #CirculatingSupply #Tokenomics
Some trackers use a figure of around 270 million tokens, while other sources report a number closer to 474 million.
This difference directly affects how market capitalization is calculated. At the same price, a higher circulating supply results in a larger calculated market cap.
In reports dated 14–15/11, market capitalization was estimated at between 7.5 and 13.5 million USD, depending on the source.
It is important not to confuse total supply, unlocked supply, and circulating supply. These are different concepts, and platforms may use different methodologies to track them.
When supply data is inconsistent, publishing a range of values along with the sources consulted is more transparent.
#SHELL #CirculatingSupply #Tokenomics