Polymarket at $12.5–15B FDV right after launch?
Feels rich to me in this market.
What’s more interesting is how people are trading it.
On 42, you’re trading the path to that valuation. Each FDV range is a token, and price shifts as sentiment + capital flows change.
I’m personally watching the $10–12.5B range. If it stretches to ~5x, that’s a clean trade.
Bigger picture: this is basically event futures for crypto.
With Base, MetaMask, OpenSea, etc. coming up, this becomes a hedge and alpha tool for TGEs.
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