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Even cheaper when you realize FDV is a pointless metric for an amortizing (buyback) token
The right O/S supply is closer to 606mm tokens, which puts adjusted mkt cap at $27 bn (@ $45 $HYPE) = 13.5x P/E
Silly szn making people forget that good assets w/ strong CFs go up forever
18.7. klo 09.26
$HYPE is starting to look a little undervalued even when you use FDV (even though full supply will never be circulating)
~$2B annualized revenue at $45B FDV is a 22.5 P/E
The NASDAQ P/E average is ~35
Fair value using these conservative metrics would be ~$70
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