Why SHELL's Circulating Supply Figures Do Not Match
One of the persistent data issues surrounding SHELL is the difference between circulating-supply reports.
Some trackers list approximately 270 million SHELL in circulation, while others report figures closer to 457.8 million. Tokenomist data around November 12 also indicated approximately 480.3 million tokens unlocked, or around 48% of the 1 billion maximum supply.
These figures describe different concepts. Circulating supply refers to tokens considered available in the market under a provider's methodology. Unlocked supply refers to tokens whose vesting or lock restrictions have ended.
An unlocked token is not necessarily sold, and it is not automatically counted as circulating by every tracker.
This distinction is essential when comparing market capitalization and fully diluted valuation.
#Tokenomics #SHELL #CryptoData
One of the persistent data issues surrounding SHELL is the difference between circulating-supply reports.
Some trackers list approximately 270 million SHELL in circulation, while others report figures closer to 457.8 million. Tokenomist data around November 12 also indicated approximately 480.3 million tokens unlocked, or around 48% of the 1 billion maximum supply.
These figures describe different concepts. Circulating supply refers to tokens considered available in the market under a provider's methodology. Unlocked supply refers to tokens whose vesting or lock restrictions have ended.
An unlocked token is not necessarily sold, and it is not automatically counted as circulating by every tracker.
This distinction is essential when comparing market capitalization and fully diluted valuation.
#Tokenomics #SHELL #CryptoData