Cryptowizard ₿⚡

6/ $FLIP Price targets based on RUNE valuation: 📊 Conservative (same revenue multiple): $1.58 → 5x 📊 Mid-case (discounted burn multiple): $5.60 → 18x 📊 Full parity (same burn multiple): $11.30 → 35x

5/ RUNE’s burn multiple: $210M / $659K = 318x Apply that to FLIP’s $3.1M annual burn: → $985M market cap → $11.30 per FLIP (35x) A realistic mid-case with a 50% discount for size and liquidity: → ~$490M mcap → $5.60 per FLIP (~18x)

4/ Now let’s price it. $RUNE trades at a 9.7x gross revenue multiple ($210M mcap / $21.7M rev). Apply the same multiple to $FLIP: $14.2M × 9.7 = $138M market cap → $1.58 per FLIP (5x from here) That’s the conservative case — just matching RUNE’s revenue multiple.

3/ Token Holder Net Income (buy-and-burn): $FLIP: $3.1M/year → 100% goes to buy-and-burn $RUNE: $659K/year → split across dev fund, marketing, POL, slashing... FLIP returns 4.7x more to holders despite earning less gross revenue.

2/ Trailing 4-quarter revenue (DefiLlama): $FLIP gross revenue: $14.2M $RUNE gross revenue: $21.7M Pretty close, right? Now look at what actually flows to token holders ⬇️

1/🧵 $FLIP vs $RUNE — the numbers don’t lie. @Chainflip is returning 5x more value to token holders than THORChain, at 1/7.5th the market cap. Here’s why FLIP could be a $1.50–$5.00 token. 👇

If @UltApp is essentially just a Hyperliquid frontend, what are the reasons for someone to use it instead of just using Hyperliquid directly with their own wallet and private keys? crypto-com-chain:native #crofam