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FDV

Fully diluted valuation estimates value if the reported maximum or total supply were priced at the current unit price.

NoShills treats FDV as a reported relationship between price and a supply figure, not as a prediction.

An FDV much larger than market capitalization can indicate future dilution, but it does not prove that dilution will occur or that the token will lose value.

Limitation: FDV is only as reliable as the supply figure and price used. Missing max supply makes FDV incomplete, not zero.