KNC Token Supply Shows Heavy Exchange Concentration

Recent on-chain analysis reveals significant liquidity dynamics in the KNC market. Here's what the numbers tell us:

Out of 240.86M total KNC supply, approximately 177M tokens are in active circulation after accounting for staking, team allocations, and smart contract reserves. The critical piece? About 106M KNC—roughly 60% of circulating supply—sits on exchange platforms.

This high concentration of tradeable KNC on exchanges is notable. When the majority of an asset's liquidity pools in a few venues, it can amplify price swings and give large holders outsized influence over market movements. The tighter the supply squeeze, the more volatile the environment typically becomes.

For traders monitoring KNC, this setup suggests heightened sensitivity to large order flows and institutional activity. Understanding where liquidity actually sits—not just theoretical supply figures—remains crucial for navigating volatile altcoin markets.