how do you get to a $600k mc with $57k total trading volume?

because it's paired with $zora and that's gone up?

I just guessed the approx impact as I don’t know the exact bonding curve formula.

Maybe You need 30k buy-in instead of 20k to grow the marketcap from initial 5k to 200k with the bonding curve, which got multiplied with 3x due to $zora price increase

People bought 20k net, then $zora did a 3-4x.

It’s valued at $110k the same way a SAAS startup has “$1m ARR” after making $200 their first hour after launching

building @emptyblock / prev director of research @coinmetrics

I’m not sure the exact mechanism they’re using, but an oversimplified example of what’s happening; 

Say you launched a token with a supply of 1 million tokens. There’s not much interest in your token but you convince a few of your friends each to buy a token for $10 each 

Congrats, your token now has a $10m market cap (on paper) 

But in reality there’s no liquidity and the actual cumulative value of the tokens is probably closer to $50

It’s super misleading 

https://farcaster.xyz/nmadd/0xb418453b