Ika released its tokenomics. Is it good? Is it bad?
The Ika TGE is likely to occur on July 29th. You can find the blog on tokenomics here.
Here is a brief overview of the token distribution:
The vesting situation is interesting as the team and investor unlocks begin 7 months after TGE, in February 2026.
30% of the total supply will be unlocked at launch. This is a similar strategy we saw from Pump.fun.
Here is the vesting chart for PUMP. Don’t be mistaken by the various types of vesting names. PUMP started with a 55% unlock at TGE. It briefly pumped before dumping huge.
Similar to Pump.fun, Ika is eager to grab money.
The token distribution appears fair due to the large allocation to the community. But we will wait for the valuation. Therefore, we will sell IKA as soon as possible at the TGE itself.
If the valuation is fair, we can buy back after a 25-30% retracement from the launch. If Ika is overvalued at launch, we will sell 100% of Ika at the TGE and will not buy back Ika.
Additionally, as Ika will launch via MDROP, a significant percentage will be locked, which you can unlock by sending a certain amount of Sui. We will see the valuation and check if we need to withdraw all from MDROP immediately or if we can wait for vesting. Stay tuned!
We expect Ika to launch at a $500 million FDV. The launch marketcap can be $166 million. In such a scenario, we will sell 100% Ika.
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