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 412,578,004,234 PUMP in circulation at $0.003765 each, which is $1.55B. Holding that supply still and putting Ondo's $1.68B in its place gives $0.00408055 per PUMP.
The two are close in size, so the answer is a 1.08x move. Pump.fun and Ondo 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.
$0.00408055 per PUMP. That is Ondo's current market capitalisation of $1.68B divided across the 412,578,004,234 PUMP in circulation.
1.08x. Pump.fun trades at $0.003765 today and Ondo's market cap is $1.68B against Pump.fun's $1.55B.
No. It is one division: Ondo'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 $1.68B of market cap spread over more coins gives a lower price per coin. This uses the 412,578,004,234 PUMP in circulation now.