Arithmetic on today's supply, not a forecast. It assumes nothing about whether Hyperliquid could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Hyperliquid has 254,178,216 HYPE in circulation at $78.5600 each, which is $19.97B. Holding that supply still and putting Solana's $58.89B in its place gives $231.6895 per HYPE.
A 2.95x move is modest, and a coin this far down the table reaching the one above it is the ordinary shape of a cycle, not an outlier.
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 HYPE at that level, which is the part that actually decides a price.
$231.6895 per HYPE. That is Solana's current market capitalisation of $58.89B divided across the 254,178,216 HYPE in circulation.
2.95x. Hyperliquid trades at $78.5600 today and Solana's market cap is $58.89B against Hyperliquid's $19.97B.
No. It is one division: Solana's market capitalisation spread over the supply of HYPE that exists today. It assumes nothing about whether Hyperliquid 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 $58.89B of market cap spread over more coins gives a lower price per coin. This uses the 254,178,216 HYPE in circulation now.