Arithmetic on today's supply, not a forecast. It assumes nothing about whether Pump.fun could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Pump.fun has 465,695,568,369 PUMP in circulation at $0.004221 each, which is $1.97B. Holding that supply still and putting Ethereum's $282.25B in its place gives $0.60607874 per PUMP.
This is the huge end of the comparison. Pump.fun would need $280.28B more than it carries today, and at that size it would be one of the largest assets in the world, crypto or otherwise.
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 PUMP at that level, which is the part that actually decides a price.
$0.60607874 per PUMP. That is Ethereum's current market capitalisation of $282.25B divided across the 465,695,568,369 PUMP in circulation.
144x. Pump.fun trades at $0.004221 today and Ethereum's market cap is $282.25B against Pump.fun's $1.97B.
No. It is one division: Ethereum's market capitalisation spread over the supply of PUMP that exists today. It assumes nothing about whether Pump.fun 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 $282.25B of market cap spread over more coins gives a lower price per coin. This uses the 465,695,568,369 PUMP in circulation now.