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$WLD jumped 107% this week on Eightco Holdings’ investment news and now trades at $1.85 with an $18.5B FDV. But World Chain generates just ~$3.3M in annualized fees — implying a sky-high 5,795x FDV/fees multiple. For perspective, OpenAI’s last $300B valuation came with $12B in revenue — a much more grounded 25x.