Token float measures how much of a token's total supply is actively available in the market. A token with 10% float has 90% of its supply locked in vesting contracts, staking, or other restricted allocations. This creates a thin market where the available supply for trading is a fraction of the total allocation, and the pricing dynamics differ markedly from a fully circulated token. Low-float tokens exhibit amplified price sensitivity in both directions. On the upside, limited sell-side supply means moderate buying pressure can drive disproportionate price increases — this is why many tokens appreciate sharply after TGE when demand meets constrained supply. On the downside, each unlock event represents a larger proportional increase to the tradeable supply. A cliff unlock that adds 5% to total supply might add 50% to the float of a token with only 10% circulating, creating severe supply shock potential. Float analysis is most valuable when combined with unlock schedule data. A token's current float tells you today's liquidity condition, but the trajectory matters more — a 15% float token with all remaining supply unlocking in the next 6 months faces a different risk profile than a 15% float token whose remaining supply vests over 4 years. Tokenomist shows the Released % metric in the Token Unlocks table, representing released supply as a percentage of max supply, which serves as a practical float indicator across the tracked token universe.