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# Price (TRUMPET)

<figure><img src="/files/zGH24mlI7STtdvez3rKd" alt=""><figcaption></figcaption></figure>

Price shows the current value of Trumpet when compared to Trunk.\
\
The price of Trumpet is always quoted as a ratio between Trunk & Trumpet

{% hint style="info" %}
Trumpet price is calculated with the following formula:\
\
Trumpet = Backed Supply (Trunk) / Circulating Supply (Trumpet)
{% endhint %}

By design, the Trumpet price will only ever go up.