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 420,944,690,834 PUMP in circulation at $0.003782 each, which is $1.59B. Holding that supply still and putting XRP's $85.99B in its place gives $0.20428842 per PUMP.
Pump.fun would have to take on $84.4B of new money to get there. A 54.0x move is large: it happens, and it usually needs the whole market to grow instead of one coin to take share from another.
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.
$0.20428842 per PUMP. That is XRP's current market capitalisation of $85.99B divided across the 420,944,690,834 PUMP in circulation.
54.0x. Pump.fun trades at $0.003782 today and XRP's market cap is $85.99B against Pump.fun's $1.59B.
No. It is one division: XRP'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 $85.99B of market cap spread over more coins gives a lower price per coin. This uses the 420,944,690,834 PUMP in circulation now.