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 20,967,529 OKB in circulation at $114.3900 each, which is $2.4B. Holding that supply still and putting Ondo's $1.69B in its place gives $80.6845 per OKB.
OKB is already worth more than Ondo. Moving to the smaller cap would take OKB down to $80.6845, which is 0.705x 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 OKB at that level, which is the part that actually decides a price.
$80.6845 per OKB. That is Ondo's current market capitalisation of $1.69B divided across the 20,967,529 OKB in circulation.
0.705x. OKB trades at $114.3900 today and Ondo's market cap is $1.69B against OKB's $2.4B.
No. It is one division: Ondo'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 $1.69B of market cap spread over more coins gives a lower price per coin. This uses the 20,967,529 OKB in circulation now.