CARTEL
On every token page, MemesOnCronos now shows two valuations side by side: the market cap and the FDV (fully diluted valuation). They can be very far apart. This guide explains what each one measures, how we calculate the circulating supply behind the market cap, and why the gap between the two is worth a look before you buy.
Two numbers, one price
- Market cap = price × circulating supply: the tokens that can actually be sold today.
- FDV = price × total supply: every token that exists, as if all of them circulated. On MemesOnCronos, the total supply is the supply read in the token contract minus the tokens sent to burn addresses, which nobody can ever sell.
Both use the same price, read in the token's most liquid pool. The only difference is the number of tokens. The token page also shows Market cap / FDV: at 100%, the whole supply circulates; under 100%, part of it is held back.
How we calculate the circulating supply
MemesOnCronos reads the supply directly on the Cronos chain, every few hours, everything at the same block. The circulating supply is the total supply minus the tokens nobody can sell today:
- Locked or vesting tokens in a known token locker, until their unlock date. A vesting lock counts only for the part not released yet.
- The token contract's own balance, for example taxes collected or supply not distributed yet.
- Team and treasury wallets that MemesOnCronos has declared for the token.
Tokens in the liquidity pools and in holders' wallets count as circulating. When a project gives us its own circulating supply with a source we can check, our team can use that figure instead of the computed one. It can never be higher than the total supply, and the token page says so.
Hover over the market cap on a token page to see the detail: the block it was read at and what was left out.
Three real examples
These figures were read on the token pages of MemesOnCronos on the evening of November 14, 2026. They change with the price and with every new reading of the chain.
Full Moon (FM): most of the supply in team and treasury wallets
On the Full Moon page, the total supply was 19,999,999,999 FM but the circulating supply only 871,736,503 FM: about 19.13 billion FM sat in 6 team or treasury wallets, read on chain at block 105,865,383. The result:
- market cap: $2,852,618;
- FDV: $65,446,800;
- market cap / FDV: 4.4%.
Showing only the FDV would make FM look more than 20 times bigger than the part of it that actually trades.
Loaded Lions (LION): a circulating supply declared by the project
On the Loaded Lions page, the circulating supply of 30,679,998,811 LION is declared by the project, with a source checked by MemesOnCronos, out of a total of 99,999,998,811 LION:
- market cap: $28,009,397;
- FDV: $91,295,299;
- market cap / FDV: 30.7%.
CARTEL: most of the supply allocated for later
On the CARTEL page, the circulating supply of 7,028,516,940 CARTEL is also declared by the project, out of a total of 100,000,000,000:
- market cap: $30,028;
- FDV: $427,236;
- market cap / FDV: 7.0%.
This matches what the project describes: large shares of the supply reserved for staking, the reserve, airdrops and presales, released over time. Our article Cronos $Cartel (CARTEL): What the Project Promises and What the Chain Shows goes through that allocation.
Why the gap matters
- Future selling. Tokens that do not circulate today can reach the market later: when a lock ends, when vesting releases, when a team wallet sells. A low market cap / FDV ratio means a lot of supply is still waiting.
- Who holds the rest. A large share in team or treasury wallets is a form of concentration. Check the holders and the timeline of big moves on the token page.
- Comparisons. When you compare two tokens, compare market cap with market cap. Comparing one token's FDV with another's market cap gives a false picture.
- Liquidity. Neither number tells you how much money can come out of the pool. Always read the market cap next to the liquidity, as explained in How to Spot a Rug Pull on Cronos.
What these numbers are not
Market cap and FDV describe the present: the current price multiplied by a number of tokens. They are not a forecast, and a low market cap is not a sign that a token will go up. A circulating supply can also change when a project moves tokens into or out of team wallets or lockers, which is why every figure on the token page comes with the block it was read at.
Check any token with the free security scanner, and read What Is the MemesOnCronos Security Score for the rest of the picture. Meme tokens are very risky and you can lose everything you put in. Always do your own research. Nothing on MemesOnCronos is financial advice.
Sources: the token pages of Full Moon, Loaded Lions and CARTEL on MemesOnCronos, read on November 14, 2026, around 21:40 (Paris time).
