Arithmetic on today's supply, not a forecast. It assumes nothing about whether OKB could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. OKB has 20,977,519 OKB in circulation at $114.1800 each, which is $2.4B. Holding that supply still and putting Hyperliquid's $19.92B in its place gives $949.7446 per OKB.
A 8.32x 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 OKB at that level, which is the part that actually decides a price.
$949.7446 per OKB. That is Hyperliquid's current market capitalisation of $19.92B divided across the 20,977,519 OKB in circulation.
8.32x. OKB trades at $114.1800 today and Hyperliquid's market cap is $19.92B against OKB's $2.4B.
No. It is one division: Hyperliquid's market capitalisation spread over the supply of OKB that exists today. It assumes nothing about whether OKB 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 $19.92B of market cap spread over more coins gives a lower price per coin. This uses the 20,977,519 OKB in circulation now.