HYPE: 11B market cap looks fair, but has a 42B FDV with 25% of supply is circulating TTD (The Trade Desk): 10B market cap 3B TTM revenue No unlocks Same value, but TTD has fundamentals and less dilution risk HYPE is trading at a FDV premium, overvalued on a fully diluted basis

HYPE6.88%
TTD3.53%
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