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What Are the Implications of a High Total Supply but Low Circulating Supply?

This scenario suggests a significant portion of the tokens are locked up (e.g. for vesting, reserves, or future distribution). While the current market cap is low, the potential for high future inflation is a major risk as the locked tokens enter circulation, leading to potential price dilution.

How Does the Inflation Rate of a Token Impact the Real Return from Staking Rewards?
How Does a token’S Inflation Rate Affect the Revenue Model’s Sustainability?
How Does a High Staking APY Affect Coin Supply Inflation?
How Does Token Inflation Affect the Relationship between Circulating and Total Supply?