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 413,397,834,510 PUMP in circulation at $0.003812 each, which is $1.58B. Holding that supply still and putting NEAR Protocol's $3.06B in its place gives $0.00740813 per PUMP.
The two are close in size, so the answer is a 1.94x move. Pump.fun and NEAR Protocol 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 PUMP at that level, which is the part that actually decides a price.
$0.00740813 per PUMP. That is NEAR Protocol's current market capitalisation of $3.06B divided across the 413,397,834,510 PUMP in circulation.
1.94x. Pump.fun trades at $0.003812 today and NEAR Protocol's market cap is $3.06B against Pump.fun's $1.58B.
No. It is one division: NEAR Protocol'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 $3.06B of market cap spread over more coins gives a lower price per coin. This uses the 413,397,834,510 PUMP in circulation now.