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Injective currently trades at $8.10 with a market cap of $810.52M. Hyperliquid's market cap is $17.45B — 21.53× larger. Here's what that gap means per token:
The implied price is current price × (target market cap ÷ current market cap), holding circulating supply constant. It answers "what if Injective were valued like Hyperliquid" — it does not predict price, and it says nothing about the capital inflow required to get there. For that, PumpMath's volume calculator walks the actual AMM liquidity curve (x·y=k) of Injective's deepest pool.
At Hyperliquid's current market cap of $17.45B, the implied price of Injective is $174.39 per INJ — 21.53× its current price of $8.10.
Implied price = current price × (target market cap ÷ current market cap). Injective's market cap is $810.52M and Hyperliquid's is $17.45B, so the multiplier is 21.53×. The calculation assumes circulating supply stays constant.
Market cap comparisons show relative scale, not likelihood. Reaching a larger market cap requires sustained net capital inflow; the buy volume needed depends on liquidity, which you can estimate with PumpMath's volume calculator.