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 251,779,159 HYPE in circulation at $79.1300 each, which is $19.92B. Holding that supply still and putting TRON's $32.23B in its place gives $128.0027 per HYPE.
The two are close in size, so the answer is a 1.62x move. Hyperliquid and TRON are within a factor of two of each other by market capitalisation.
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.
$128.0027 per HYPE. That is TRON's current market capitalisation of $32.23B divided across the 251,779,159 HYPE in circulation.
1.62x. Hyperliquid trades at $79.1300 today and TRON's market cap is $32.23B against Hyperliquid's $19.92B.
No. It is one division: TRON'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 $32.23B of market cap spread over more coins gives a lower price per coin. This uses the 251,779,159 HYPE in circulation now.