Market cap is a token's price multiplied by its circulating supply. Liquidity is the money actually sitting in the pool, available to trade against right now. Market cap vs liquidity is the gap between what a token is nominally worth and what you could realistically sell into.
| Market cap | Liquidity | |
|---|---|---|
| What it measures | Price × circulating supply | Value in the trading pool |
| Who sets it | The last trade, multiplied out | Whoever funded the pool |
| Can it leave? | No, it is not a balance | Yes, unless locked or burned |
Say a token trades at $0.002 with a billion tokens circulating: a $2 million market cap. Now say the pool holds $40,000. Selling even a small slice moves the price hard, because every sale trades against the pool, not the headline. Pool depth constrains your exit, and price impact measures it before you sign.
A liquidity lock changes whether the pool can leave, not its depth. A lock guarantees exactly one thing: the pool cannot be withdrawn before the release date. Not the price, not the team, not the token. A locked pool can still fall.
Every token page prints market cap in the header and pool depth in the liquidity pool panel below it, so you read the two together. Explore sorts and filters all —pending tracked tokens on both figures. For the rest of the page, see how to read a token page in 60 seconds.
Frequently asked questions
Is market cap the same as the money in a token's pool?
No. Market cap is price multiplied by circulating supply, an arithmetic headline nobody has funded. Pool liquidity is real capital someone deposited, the only money a sell order can trade against. That is why a token can carry a large market cap on a thin pool, and why both figures belong side by side.
How to read a Robinhood Chain token page
Read a token page top to bottom in 60 seconds: price, liquidity depth, the lock panel, holders and the deployer. What each number proves and what it can't.
See it liveExplore Robinhood Chain tokens
Every token trading on Robinhood Chain with live price, volume and liquidity. No ratings, no endorsements — free, updated continuously.
