Browsing: Supply

What Price and Supply Really Tell You

Market cap is a valuation snapshot, not a pool of money. If a token trades at $2 and 100 million tokens are counted as circulating, its market cap is $200 million. If the last price changes to $2.10 with the same counted supply, the displayed cap becomes $210 million.

Ethereum Exchange Supply Plunges 73% From 2020 Peak as BitMine Nears 5% Treasury Goal

Add preferred source Ethereum’s exchange supply has fallen to 6.06 million ETH, a 73% decline from the 22.9 million peak recorded in June 2020, according to Santiment. The reduction reflects a broad shift of tokens into staking protocols, ETFs, corporate treasuries, and long-term custody. BitMine now holds 5.96 million ETH, approximately 4.9% of total supply,…