The Black Bull

The circulating supply currently represents about 41.5 percent of the one-billion token maximum, leaving a dilution overhang of roughly 140.5 percent of circulating supply outstanding, so changes in how quickly remaining tokens enter circulation would directly affect the relationship between market cap and fully diluted valuation, which currently sit at a ratio of approximately 2.40. The 24-hour turnover of 17.56 percent and the 30-day average turnover of 8.14 percent indicate how actively the token changes hands relative to its market cap, and sustained divergence between these two figures could reflect shifts in short-term versus longer-term participation. Fee and revenue totals across the 24-hour, 7-day, and 30-day windows are worth tracking together, since the 12-month figure currently mirrors the 30-day figure and will not reflect a true annual picture until more history accumulates. The token is 19.16 percent below its all-time high as recorded in the data, with 52 days elapsed since that peak, so observing whether that gap widens or narrows alongside changes in holder revenue distribution could illustrate how the project's activity levels are evolving over time.

Written by an AI language model from the figures listed below, on 27 Aug 2026 17:27 UTC.