Puffpaw is a cryptocurrency token scheduled to launch in 2026. A fully diluted valuation (FDV) represents the market cap if all tokens were in circulation at the current price, commonly used to evaluate new crypto projects at launch. This market tracks whether Puffpaw will achieve an FDV above $200 million on its first day of trading. At 19% YES odds, the market currently prices in a higher probability of Puffpaw launching below this valuation threshold. For context, successful crypto launches typically range from tens of millions to several billion dollars in FDV, depending on the project's utility, community size, and market conditions. The $200M threshold represents a mid-tier valuation target for new tokens. This market resolves based on the verified FDV at the end of Puffpaw's launch day, calculated from the token's trading price and circulating supply at that time. Early indicators of launch sentiment and pre-market discussions will likely influence the odds trajectory leading up to January 1, 2027.