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Variational: $1B FDV launch outlook

Variational has strong volume on both Polymarket and Aspecta.

On Polymarket, the chance of trading above $1B FDV one day after launch is 61%.

On Aspecta, the valuation is $750M FDV.

The market appears to be pricing a launch around $1B FDV, including OTC activity.

The author считает this a fair range and says the first day could even see $1.5B FDV.

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