According to Michaël van de Poppe, current altcoin conditions have seen a fair-launch project run to roughly $600M market cap with a 50x move, with $REKT cited as the example. Source: https://twitter.com/CryptoMichNL/status/1974165050446221516 A 50x move to a $600M cap implies an initial valuation near $12M based on his figures, a concrete benchmark traders can reference when evaluating fair-launch multiples and market-cap milestones. Source: https://twitter.com/CryptoMichNL/status/1974165050446221516 He shared a video for further details on the fair-launch approach: https://www.youtube.com/watch?v=5dDVprpxn24. Source: https://twitter.com/CryptoMichNL/status/1974165050446221516