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 Zcash's $19.29B in its place gives $0.04665913 per PUMP.
Pump.fun would have to take on $17.71B of new money to get there. A 12.2x 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.
$0.04665913 per PUMP. That is Zcash's current market capitalisation of $19.29B divided across the 413,397,834,510 PUMP in circulation.
12.2x. Pump.fun trades at $0.003812 today and Zcash's market cap is $19.29B against Pump.fun's $1.58B.
No. It is one division: Zcash'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 $19.29B of market cap spread over more coins gives a lower price per coin. This uses the 413,397,834,510 PUMP in circulation now.