Arithmetic on today's supply, not a forecast. It assumes nothing about whether Worldcoin could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Worldcoin has 3,737,642,042 WLD in circulation at $0.4141 each, which is $1.55B. Holding that supply still and putting Hyperliquid's $19.93B in its place gives $5.3322 per WLD.
Worldcoin would have to take on $18.38B of new money to get there. A 12.9x 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 WLD at that level, which is the part that actually decides a price.
$5.3322 per WLD. That is Hyperliquid's current market capitalisation of $19.93B divided across the 3,737,642,042 WLD in circulation.
12.9x. Worldcoin trades at $0.4141 today and Hyperliquid's market cap is $19.93B against Worldcoin's $1.55B.
No. It is one division: Hyperliquid's market capitalisation spread over the supply of WLD that exists today. It assumes nothing about whether Worldcoin 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 $19.93B of market cap spread over more coins gives a lower price per coin. This uses the 3,737,642,042 WLD in circulation now.