"What is the difference between "Circulating Supply", "Total Supply", and "Max Supply"?
• Circulating Supply is the best approximation of the number of coins that are circulating in the market and in the general public's hands.
• Total Supply is the total amount of coins in existence right now (minus any coins that have been verifiably burned).
• Max Supply the best approximation of the maximum amount of coins that will ever exist in the lifetime of the cryptocurrency.
Why is the Circulating Supply used in determining the market capitalization instead of Total Supply?
We've found that Circulating Supply is a much better metric for determining the market capitalization. Coins that are locked, reserved, or not able to be sold on the public market are coins that can't affect the price and thus should not be allowed to affect the market capitalization as well. The method of using the Circulating Supply is analogous to the method of using public float for determining the market capitalization of companies in traditional investing."
CMC gets the data either through manual feed or through an API. There's nothing to panic about. They probably couldn't get a close estimate of ETN in circulation.
