Kantian(@kantianum):Someone today was confused about $CRED market cap vs. FDV. Real numbers with CRED at $0.63 per token: MC = $8.1M / FDV = $14.3M Jupiter and CoinGecko both report a $14.3M market cap, but that’s not accurate. $14.3M is the FDV, market cap is $8.1M. Out of the initial 22.66M CRED supply: → 10M went to the ICO and are fully liquid. → 2.9M were allocated to AMM liquidity. → 5.23M went to prior investors (1-year cliff + 3-year linear vesting). → 4.53M went to the team performance package (price-based unlocks in tranches + 18-month minimum cliff). basically CRED is still trading below a $10M MC right now.

2026.09.09 23:32

Someone today was confused about $CRED market cap vs. FDV. Real numbers with CRED at $0.63 per token: MC = $8.1M / FDV = $14.3M Jupiter and CoinGecko both report a $14.3M market cap, but that’s not accurate. $14.3M is the FDV, market cap is $8.1M. Out of the initial 22.66M CRED supply: → 10M went to the ICO and are fully liquid. → 2.9M were allocated to AMM liquidity. → 5.23M went to prior investors (1-year cliff + 3-year linear vesting). → 4.53M went to the team performance package (price-based unlocks in tranches + 18-month minimum cliff). basically CRED is still trading below a $10M MC right now.