Coin supply

How many coins are left out of the price?

For the typical coin, 7.0% of its coins are left out of its market value. For some coins it is most of them: Bitway has 84.9% left out. Across 32 large coins, the left-out coins are worth $166.7B at today's prices, about 26 times the orders waiting to buy and sell near the price (for the 27 coins where we could see those orders). That does not mean they will be sold. It means the price shows only part of the supply.

CIRCULATING NOWOUTSIDE THAT NUMBERBitway: 1.5bn circulatingBitway: 8.5bn already exist outside circulationBTW85%Hyperliquid: 222m circulatingHyperliquid: 733m already exist outside circulationHyperliquid: 45m allowed by the cap but not issuedHYPE78%WhiteBIT Coin: 119m circulatingWhiteBIT Coin: 175m already exist outside circulationWhiteBIT Coin: 107m allowed by the cap but not issuedWBT70%Sui: 4.1bn circulatingSui: 5.9bn already exist outside circulationSUI59%Cronos: 50.7bn circulatingCronos: 48.3bn already exist outside circulationCronos: 1.0bn allowed by the cap but not issuedCRO49%Gram (prev. Toncoin): 2.8bn circulatingGram (prev. Toncoin): 2.4bn already exist outside circulationGRAM46%Bittensor: 11m circulatingBittensor: 10m already exist outside circulationTAO46%Avalanche: 444m circulatingAvalanche: 27m already exist outside circulationAvalanche: 249m allowed by the cap but not issuedAVAX38%Rain: 710.8bn circulatingRain: 431.6bn already exist outside circulationRain: 7.6bn allowed by the cap but not issuedRAIN38%Uniswap: 625m circulatingUniswap: 262m already exist outside circulationUniswap: 113m allowed by the cap but not issuedUNI38%XRP: 63.1bn circulatingXRP: 36.9bn already exist outside circulationXRP: 14m allowed by the cap but not issuedXRP37%BNB: 132m circulatingBNB: 0 already exist outside circulationBNB: 68m allowed by the cap but not issuedBNB34%Stellar: 35.2bn circulatingStellar: 14.8bn already exist outside circulationXLM30%Chainlink: 767m circulatingChainlink: 233m already exist outside circulationLINK23%

1. Every coin has three supply numbers

Coins counted in the price (teal). Coins that already exist but are not counted, often locked, staked or held by the project (orange). Coins that could still be made under the coin's maximum supply (outlined).

A coin that does not exist yet cannot be held, locked or sold.

Counted in the price
Exists, not counted
Not made yet

2. How much is left out?

11 of 32 coins have a quarter or more of their coins left out of the price. Another $143.1B could still be made in the future, for coins that have a maximum supply. 11 coins have no maximum, so how many more can be made is unknown.

Counted in the price$2.36TAcross 32 coins, not counting stablecoins.
Exists, not counted$166.7BAt today's prices. The typical coin has 7.0% not counted.
Not made yet$143.1BAt today's prices, for coins with a maximum supply.

3. How big is that next to the orders waiting to trade?

This matters most when few orders are waiting to buy. For the 27 coins where we could read waiting orders, coins not counted in the price are worth $140.8B, and orders waiting within 2% of the price come to $5.3B. That is 26 to 1. For Bitway, that ratio is 41,530 to 1. Neither number is a forecast. Together they show how big the left-out coins are next to the orders waiting near today's price. Market value alone cannot show that.

Left-out coins vs waiting orders26 to 1$5.3B of orders wait within 2% of the price, for the coins we could read.

4. Is one coin behind most of it?

Hyperliquid has the largest amount left out, worth $56.4B. That is 34% of the total. The two biggest together make up 63%. So a few coins carry most of it. Without Hyperliquid, $110.3B is still left out across the other 31.

5. Does this mean selling is coming?

The best reason not to treat this as a warning: coins not counted in the price can be locked team coins, staked coins, coins the project keeps, or coins destroyed for good. The public numbers cannot tell them apart. Coins not made yet may be made later, or never. A big gap is a question to ask the project. It does not prove a wave of selling is coming.

6. Every coin

The last column divides the value of left-out coins by the orders waiting within 2% of the price. It compares size only. It does not mean those coins can be sold.

Each coin: coins counted in the price, coins made so far, value not counted, value not made yet, waiting orders, and the comparison.
CoinCounted in priceMade so farExists, not countedNot made yetWaiting orders (2%)Not counted vs waiting orders
Bitcoin BTC20m20m$568k0.0% of all coins made so far$72.8B$2.2B0 to 1
Ethereum ETHno maximum supply122m122m$00.0% of all coins made so farNot available$860mNot available
BNB BNB132m132m$00.0% of all coins made so far$49.8B$246mNot available
XRP XRPa quarter or more is not counted in the price63.1bn100.0bn$48.3B36.9% of all coins made so far$19m$303m160 to 1
Solana SOLno maximum supply590m636m$4.8B7.3% of all coins made so farNot available$465m10 to 1
TRON TRXno maximum supplywaiting orders not read: rate limited95.0bn95.0bn$00.0% of all coins made so farNot availableNot availableNot available
Zcash ZEC17m17m$170k0.0% of all coins made so far$4.8B$69m0 to 1
Hyperliquid HYPEmost of its coins are not counted in the price222m955m$56.4B76.7% of all coins made so far$3.4B$60m946 to 1
Dogecoin DOGEno maximum supply156.4bn156.4bn$78k0.0% of all coins made so farNot available$171m0 to 1
Monero XMRno maximum supply19m19m$00.0% of all coins made so farNot available$16mNot available
WhiteBIT Coin WBTmost of its coins are not counted in the pricewaiting orders not read: rate limited119m293m$13.7B59.5% of all coins made so far$8.4BNot availableNot available
Chainlink LINK767m1.0bn$2.8B23.3% of all coins made so far$0$128m22 to 1
LEO Token LEOno maximum supply920m985m$590m6.6% of all coins made so farNot available$83k7,115 to 1
Cardano ADA37.6bn45.0bn$1.6B16.5% of all coins made so far$0$163m10 to 1
NEAR Protocol NEARno maximum supply1.3bn1.3bn$980.0% of all coins made so farNot available$105m0 to 1
Stellar XLMa quarter or more is not counted in the priceno maximum supply35.2bn50.0bn$2.6B29.6% of all coins made so farNot available$45m58 to 1
Rain RAINa quarter or more is not counted in the pricewaiting orders not read: rate limited710.8bn1,142.4bn$3.7B37.8% of all coins made so far$65mNot availableNot available
Bitcoin Cash BCH20m20m$15k0.0% of all coins made so far$244m$56m0 to 1
Litecoin LTC78m78m$136k0.0% of all coins made so far$364m$90m0 to 1
Uniswap UNIa quarter or more is not counted in the price625m887m$1.8B29.6% of all coins made so far$785m$56m32 to 1
Canton CCno maximum supply39.9bn39.9bn$00.0% of all coins made so farNot available$7mNot available
Avalanche AVAX444m471m$242m5.7% of all coins made so far$2.3B$69m3 to 1
Sui SUImost of its coins are not counted in the pricewaiting orders not read: rate limited4.1bn10.0bn$5.7B58.8% of all coins made so far$0Not availableNot available
Gram (prev. Toncoin) GRAMa quarter or more is not counted in the priceno maximum supply2.8bn5.3bn$3.2B46.3% of all coins made so farNot available$14m228 to 1
Hedera HBAR44.0bn50.0bn$473m11.9% of all coins made so far$0$52m9 to 1
Shiba Inu SHIBno maximum supply589,238.3bn589,495.7bn$1m0.0% of all coins made so farNot available$26m0 to 1
Bittensor TAOa quarter or more is not counted in the price11m21m$2.5B46.0% of all coins made so far$0$39m63 to 1
Cronos CROa quarter or more is not counted in the pricewaiting orders not read: rate limited50.7bn99.0bn$2.7B48.8% of all coins made so far$57mNot availableNot available
Quant QNT15m15m$11m0.4% of all coins made so far$0$17m1 to 1
Bitway BTWmost of its coins are not counted in the price1.5bn10.0bn$15.3B84.9% of all coins made so far$0$368k41,530 to 1
Ethena ENA13.4bn15.0bn$314m10.6% of all coins made so far$0$58m5 to 1
OKB OKB21m21m$00.0% of all coins made so far$0$12mNot available

What would make this wrong

This depends on published supply numbers and on how the data provider decides what circulates. Today's price times the left-out coins is not cash anyone could get: selling that many coins would push the price down. The waiting orders shown here are not every order in every market. This is one reading, taken 22 October 2026.

Research by for Charlie Quant Lab · Updated