2025-12-08 11:23:04

I've noticed an interesting phenomenon—the same market cap, but different stories.

Take SOL, for example. Back in 2021, its market cap surged to $75 billion, and the token price reached $247. Now, in 2025, the market cap has returned to around $75 billion, but the token price is only $134. What does this mean? The circulating supply has increased significantly.

Now look at ETH. In 2022, when the market cap hit $380 billion, the token price was $3,233. Now, in 2025, the market cap is still around $380 billion, and the token price is $3,159—basically the same.

This comparison is quite telling: at the same market cap, ETH's token price is noticeably more stable, while SOL's token price has been heavily diluted. If you're considering DCA (dollar-cost averaging) targets, this difference in supply growth rate is worth thinking about. The same market cap does not mean the same investment value—the supply logic behind the token price is the key.

SOL0,4%

ETH0,36%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

22 Likes

Reward
22
10
Repost
Share

Comment

0/400

ConfusedWhale

· 2025-12-10 21:23

SOL's dilution rate is truly outrageous; the price has halved yet the market cap hasn't changed? The supply is the real truth.

View OriginalReply0

DAOdreamer

· 2025-12-10 17:28

SOL's dilution is just too severe, with the price halved but the market cap remaining the same. This is outrageous.

View OriginalReply0

DegenWhisperer

· 2025-12-10 17:00

The price of SOL is being diluted too aggressively, it feels like they're digging a hole for later entrants.

View OriginalReply0

MEVSupportGroup

· 2025-12-08 23:31

The dilution of SOL this time is a bit outrageous, the price was directly cut in half. No wonder so many people are turning to ETH.

View OriginalReply0

SchrodingerPrivateKey

· 2025-12-08 11:52

The dilution of SOL is way too severe, it feels like a slow bleed. ETH is indeed resilient; the price has barely changed and its fundamentals are solid. Looking at this data comparison, I finally understand—you can't just focus on market cap, you have to look at supply growth. That's the real anchor of value.

View OriginalReply0

RektButSmiling

· 2025-12-08 11:49

This round of SOL dilution is really brutal, dropping from 247 to 134, but the market cap stays the same... This is the real invisible way of fleecing retail investors.

View OriginalReply0

StakeWhisperer

· 2025-12-08 11:45

The dilution of SOL this time is really ridiculous. The price was cut in half while the circulating supply doubled. This is the real "market cap trap."

View OriginalReply0

ProofOfNothing