## Is FDV a Trap or a Real Risk? Definitions and Cases Every Trader Must Know
In every bull market cycle, there is always a type of coin that people love and hate at the same time — those projects with **extremely high FDV but very low circulating supply**. They tell a beautiful story with a fully diluted market cap, but when tokens unlock, they stage a "harvesting" show. Is FDV a pricing tool or a market bubble indicator? This article will dissect this controversial topic from a trader’s perspective.
## What is FDV? A Chart to Understand Fully Diluted Market Cap
**FDV (Fully Diluted Valuation
View OriginalIn every bull market cycle, there is always a type of coin that people love and hate at the same time — those projects with **extremely high FDV but very low circulating supply**. They tell a beautiful story with a fully diluted market cap, but when tokens unlock, they stage a "harvesting" show. Is FDV a pricing tool or a market bubble indicator? This article will dissect this controversial topic from a trader’s perspective.
## What is FDV? A Chart to Understand Fully Diluted Market Cap
**FDV (Fully Diluted Valuation