For crypto market participants, predicting the FDV of a new token launch is a standard activity. However, Felix Protocol is not a mainstream household name like Ethereum or Solana; it belongs to a specific DeFi or Web3 niche, making it somewhat exotic to the general public, hence a medium score.

April 28, 2026 - April 29, 2026: The price of the $2B option surged from 0.75c to 48.15c, and the $1B option surged from 1.25c to 38.35c. The reason is likely rumors regarding Felix's tokenomics (such as a massive total supply), leading to large-scale speculative betting on extremely high fully diluted valuations (FDV). April 30, 2026 - May 1, 2026: The $1B option crashed from 41.05c to 14.9c, and the $2B option fell from 45.4c to 36.75c, as extreme speculative sentiment cooled and some capital took profits. April 28, 2026 - April 29, 2026: The $50M option fell from 42.45c to 27.95c, as capital was heavily diverted to chase speculative opportunities in extremely high valuation options like $1B and $2B. April 22, 2026 - April 23, 2026: The price of the $50M option surged from 9.4c to 37.85c, as capital rapidly flowed back to bet on the mid-tier valuation range after previous extreme pessimism, showing a sudden restoration of market confidence that the post-launch valuation can sustain above $50 million. April 1, 2026 - April 2, 2026: The price of the $25M option surged from 51.5c to 66.5c, as stabilizing market sentiment prompted capital to flow back into higher-certainty, lower-threshold valuation tiers. March 29, 2026 - April 1, 2026: The price of the $300M option skyrocketed from 4.25c to 33.3c before falling back to 7.9c. The reason is likely short-term speculation driven by rumors regarding project funding or valuation, which quickly subsided as the news was debunked or the hype cooled. March 25, 2026 - March 26, 2026: The price of the $25M option crashed from 69.5c to 47c due to potential negative news regarding project delays or significantly lower-than-expected valuations, causing panic withdrawal from the baseline valuation option. March 25, 2026 - March 26, 2026: The price of the $50M option plummeted from 40c to 21.25c, driven by the same systemic reassessment of market expectations that crashed the $25M option. March 16, 2026 - March 18, 2026: The price of the $50M option surged from 28.65c to 41.55c. The reason is that after previous excessive pessimism, capital began to bet again on the 'mid-tier valuation' range, reasoning that as a core lending protocol on Hyperliquid, Felix's FDV is unlikely to stay below $25M, leading to a rapid price correction. March 10, 2026 - March 12, 2026: The price of the $25M option rose steadily from 68.5c to 76.5c. The reason is that after panic selling in early March, capital flowed back into the higher-certainty option, reaffirming the belief that FDV will likely exceed $25M upon launch. March 2, 2026 - March 4, 2026: The $50M option rebounded from 29.8c to 35c as the market corrected the excessive bearishness seen in late February. February 26, 2026 - March 2, 2026: The $100M option crashed from 27.5c to 16.5c, while the $25M option fell from 84c to 76c due to a broad downgrade in Hyperliquid ecosystem valuation expectations.