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![DegenApe99 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::564889098.png) Degen Ape Trader [@DegenApe99](/creator/twitter/DegenApe99) on x 32.6K followers
Created: 2025-07-07 02:46:30 UTC

Why does $BUIDL open at 2m market cap but $LILY at 500k?

As we all know, Genesis Launch is designed with this Uni V2 LP ratio:

XXXXXXXXXXX token supply / XXXXXX $VIRTUAL (We Virgens committed this number.)

This translates to XXXXXXX $VIRTUAL FDV at launch.

How?

XXXXXXXXXXX tokens = XXXX% = 1/8 TOTAL supply (1B)

So the formation of FDV at launch is: XXXXXX x X = XXXXXXX $VIRTUAL

If $VIRTUAL price is at $1, it is XXXXXXX USD market cap.

If $VIRTUAL price is at $1.5, it is XXXXXXX * XXX = XXXXXXX USD market cap.

Now LILY has this standard ratio, so we see the token open at $XXXXXXX.

BUIDL, on the other hand, has a better ratio:

XXXXXX VIRTUAL (Another XXXXXX was sponsored by @virtuals_io team, then airdrop to veVIRTUAL holders)

XXXXXXXXXX tokens = XXXX% = 1/16 TOTAL supply.

So FDV at launch = XXXXXX * XX = XXXXXXXXX $VIRTUAL, ~2,000,000 USD market cap.

Another example, $IRIS ratio was heavily skewed:

XXXXXXXXXX IRIS : XXXXXXX VIRTUAL 
(Should be XXXXXXX but I guess team is Asian so they like the XX lucky number)

The result? 

FDV open at XXXXXXX * XX * $XXX (Virtual price at that day) = XXXXXXXXXX USD

(Then snipers sent it to 40,000,000+ at second 1, good time)

![](https://pbs.twimg.com/media/GvOH2GXa8AEzl0w.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1942052574749986827/c:line.svg)

**Related Topics**
[market cap](/topic/market-cap)
[virtual](/topic/virtual)
[buidl](/topic/buidl)
[1b](/topic/1b)
[token](/topic/token)
[uni](/topic/uni)
[500k](/topic/500k)
[$lily](/topic/$lily)

[Post Link](https://x.com/DegenApe99/status/1942052574749986827)