Arithmetic on today's supply, not a forecast. It assumes nothing about whether Ondo could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Ondo has 4,880,998,068 ONDO in circulation at $0.3466 each, which is $1.69B. Holding that supply still and putting Sui's $2.97B in its place gives $0.60899691 per ONDO.
The two are close in size, so the answer is a 1.76x move. Ondo and Sui 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 ONDO at that level, which is the part that actually decides a price.
$0.60899691 per ONDO. That is Sui's current market capitalisation of $2.97B divided across the 4,880,998,068 ONDO in circulation.
1.76x. Ondo trades at $0.3466 today and Sui's market cap is $2.97B against Ondo's $1.69B.
No. It is one division: Sui's market capitalisation spread over the supply of ONDO that exists today. It assumes nothing about whether Ondo 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 $2.97B of market cap spread over more coins gives a lower price per coin. This uses the 4,880,998,068 ONDO in circulation now.