What Is FDV (Fully Diluted Valuation) and Why It Matters
A token can look cheap and still be wildly overvalued. The number that reveals this is FDV — fully diluted valuation — and ignoring it is how a lot of buyers get caught.
FDV vs market cap
Market cap counts only circulating tokens. FDV counts the total supply as if every token were already in the market. A token with a low market cap but enormous FDV has a lot of supply waiting to flood in.
Why a high FDV is a warning
- Locked or team tokens unlocking later create constant sell pressure.
- A tiny liquidity pool against a huge FDV means the “value” is fragile.
- Early insiders may be sitting on supply ready to dump at higher prices.
The FDV-to-liquidity ratio
Compare FDV to liquidity. A massive FDV resting on a thin pool is a classic illusion — the valuation evaporates the instant real selling begins.
Check it automatically
ChainInspector Suite reads FDV and liquidity for any token and factors the ratio into its Market & Liquidity risk score.
Check any token in seconds
ChainInspector Suite runs every on-chain safety check for you and gives one clear risk score — privately, on your own PC.
Get ChainInspector Suite