The important relationship between circulation and market value of $FIL . The smaller the circulation, the easier it is for big players to manipulate the price. In April 2021, during the bull market, the circulation was around 100 million coins. After deducting the destroyed amount of 20.48 million coins and the pledged amount of 55.82 million coins, the actual circulating amount available for normal trading was only 34 million coins, accounting for 1.73% of the total amount of 1.96 billion coins. At that time, only 1.73% of 34 million coins could be traded normally, which meant that the circulation was very low, and most of the chips were in the hands of big players. It was also a new probability and new currency type, making it easy to pull the price up with market consensus.
Now, however, coins are being released daily, with a circulation of 625 million, accounting for 31.89% of the total amount of 1.96 billion. What will the big players use to pull the price back to its historical high?
31.89 ÷ 1.73 = 18.43. Now, the big players need almost 18 times more funding and consensus than before to pull the price back to its historical high.