On November 9th, according to market data, as of press time, DRIFT is priced at $2.31, with a 24-hour increase of 345.8%. The market capitalization is currently reported at $550 million, and the FDV is currently reported at $2.223 billion. Previously, Multicoin Capital, the lead investor in Drift's $25 million Series B financing, stated in a blog post on September 10th that they have accumulated a significant amount of DRIFT positions in their funds, including Liquidity Fund and Venture Capital Fund. Based on their outlined valuation framework and market assumptions in the report, Multicoin Capital believes that the fair value of DRIFT is $3.58. If the average price of Multicoin Position is taken as the September 8th position of DRIFT at $0.416, then the current DRIFT Position has a floating profit of 455% (it is currently unknown whether it has been sold or not).