What fully diluted valuation means
Fully diluted valuation (FDV) is a measure that includes every token that will ever exist, not just the ones currently in circulation. That makes it a more complete picture of a project's worth, but also a more sensitive one. Changes in emission schedules, token burns, or unlock timelines can move FDV even when the circulating supply stays flat.
For PUMP, the FDV crossing $3 billion is a notable threshold. It's a round number that often attracts attention, and it puts the project in a specific tier of crypto assets. But the real story is the rebound itself — the fact that it took months to get back to this level.
Why the rebound matters
The last time PUMP's FDV was above $3 billion
