Take a closer look at $HBAR—the numbers tell an interesting story. Its price has crashed roughly 59% lately, yet the market cap only slipped around 4%. Sounds contradictory, right? Not really. Here's what's actually happening: the circulating supply keeps expanding. When more tokens flood into circulation, each individual unit naturally becomes less valuable. It's basic economics—the same pie cut into more slices means smaller portions per slice. So while holders watch their per-token value erode significantly, the total market value remains relatively stable because you're offsetting the price decline with an increase in the number of tokens in play.