What happens when a crypto coin reaches max supply

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The total supply is the case; it could just mean identical at 84 million, meaning market cap.

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What is Circulating supply? Everything you need to understand in 2min
When the max supply and the circulating supply are equal, all coins have been released into circulation. Depending on the state of the market. When cryptocurrencies reach the maximum supply level, this means that no more of the cryptocurrency will be produced. Usually, the maximum. When a cryptocurrency reaches its maximum supply, the process of minting new coins is typically stopped, and no more new coins can be created.