Arithmetic on today's supply, not a forecast. It assumes nothing about whether Sui could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Sui has 4,138,426,879 SUI in circulation at $0.9048 each, which is $3.74B. Holding that supply still and putting World Liberty Financial's $1.63B in its place gives $0.39469615 per SUI.
Sui is already worth more than World Liberty Financial. Moving to the smaller cap would take SUI down to $0.39469615, which is 0.436x of what it trades at now.
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 SUI at that level, which is the part that actually decides a price.
$0.39469615 per SUI. That is World Liberty Financial's current market capitalisation of $1.63B divided across the 4,138,426,879 SUI in circulation.
0.436x. Sui trades at $0.9048 today and World Liberty Financial's market cap is $1.63B against Sui's $3.74B.
No. It is one division: World Liberty Financial's market capitalisation spread over the supply of SUI that exists today. It assumes nothing about whether Sui 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 $1.63B of market cap spread over more coins gives a lower price per coin. This uses the 4,138,426,879 SUI in circulation now.