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Initial Circulating Supply

Definition

Initial circulating supply is the total number of tokens or coins available to the public at the time a cryptocurrency project launches. This metric represents the portion of the total token supply that is actively trading on exchanges and accessible to investors from the outset. It excludes tokens held by the project team, locked in vesting schedules, or reserved for future distribution. Understanding this figure is crucial for assessing a digital asset’s initial market capitalization and potential price dynamics.