1d ago
Most popular coins of this cycle have had a 1b supply (memecoins, and most big launches). This means that roughly $1 is somewhat equivalent to 1b FDV.
New tokens XPL, MONAD, MEGA now have 10b supply ($1 is roughly 10b fdv)
Token supply inflation to boost nominal price illusion. After being anchored to the $1 = 1B FDV framework, it's mentally easier for people to justify buying a coin at $1.20 than at $12, even if deep down they know the valuations are the same
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