Arithmetic on today's supply, not a forecast. It assumes nothing about whether Aster could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Aster has 2,697,539,091 ASTER in circulation at $0.694 each, which is $1.87B. Holding that supply still and putting Pump.fun's $1.55B in its place gives $0.57584196 per ASTER.
Aster is already worth more than Pump.fun. Moving to the smaller cap would take ASTER down to $0.57584196, which is 0.830x of what it trades at now.
Supply is held still, and in practice it moves: coins are minted, burned and unlocked, and every one of those changes the price a given market capitalisation implies. The figure also says nothing about whether the money exists to buy ASTER at that level, which is the part that actually decides a price.
$0.57584196 per ASTER. That is Pump.fun's current market capitalisation of $1.55B divided across the 2,697,539,091 ASTER in circulation.
0.830x. Aster trades at $0.694 today and Pump.fun's market cap is $1.55B against Aster's $1.87B.
No. It is one division: Pump.fun's market capitalisation spread over the supply of ASTER that exists today. It assumes nothing about whether Aster could attract that much money, and it holds the supply still when in practice supply changes.
It sets it. Market cap is price times circulating supply, so the same $1.55B of market cap spread over more coins gives a lower price per coin. This uses the 2,697,539,091 ASTER in circulation now.