Relay FDV above $600M one day after launch?

1. 1

   Up 4pp over 24h

   Now 22¢; -0.5pp in the last hour.

2. 2

   Resolution-risk signal firing

   Expires in 14776h with open resolution ambiguity.

3. 3

   Wide spread — 29.0¢

   Bid-ask spread is wide enough that intraday moves overstate any tradeable edge. Most of the headline pp move would be eaten by spread on a market order.

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This market will resolve to "Yes" if the Fully Diluted Valuation of Relay's governance token is greater than the value specified in the title 1 day after launch. Otherwise, the market will resolve to "No." The token must be actively, publicly transferable and tradable to be considered a launch. The FDV will be determined using the total token supply multiplied by the token price. "1 day after launch" is defined as 4:00 PM ET on the calendar day following launch. The resolution source for this market is the most liquid price source available. If Relay (https://x.com/Relayprotocol) doesn't launch a token by December 31, 2027, 11:59 PM ET, this market will resolve to "No".