Tokenomist's supply states framework divides a token's total supply into three mutually exclusive categories, providing full transparency into where every token sits at any given moment. This classification is visible as a tooltip breakdown when you hover over the Released Progress bar on any token detail page. Released supply encompasses all tokens that have exited their locked state and are accessible to their designated recipients. This includes tokens that are actively circulating on exchanges, tokens held in insider wallets after vesting completion, and tokens that have been claimed from distribution contracts. Released does not mean sold — a founding team's tokens can be fully released but still held in a multisig wallet. Unreleased supply covers tokens that remain in vesting contracts with a predetermined release date. These tokens have a known future unlock schedule that Tokenomist tracks and displays on the unlock calendar. Unreleased supply decreases over time as vesting milestones are reached and tokens transition to the Released state. Untracked supply is the portion of total supply that Tokenomist cannot on-chain verify or categorize into Released or Unreleased. This includes tokens in wallets not associated with any known allocation category, supply held by entities that have not disclosed their vesting terms, and tokens in contracts that cannot be programmatically classified. Untracked supply represents a transparency gap — the larger the Untracked portion, the less confident you can be in the overall supply analysis. Tokenomist surfaces this metric explicitly rather than hiding it, so users can factor this uncertainty into their assessment.