Recently, a new coin has caught Belle's attention! It is another official investment project of SUI. Although it hasn't launched on Binance Alpha, it has gone through a Launchpad with a fundraising price of 0.025U each.
This IKA project has completed three rounds of fundraising, raising a total of over 21 million dollars, with a peak valuation of 600 million dollars FDV. It also includes the SUI Foundation, and official projects such as @SuiNetwork and Walrus Protocol changed their official account names to include the "🦑" symbol when IKA launched, which can be seen as a strong signal of official support.
Through Ika, SUI smart contracts can directly control and manage native assets on mainstream chains such as Bitcoin and Ethereum, achieving cross-chain operations with zero trust and zero custody, and also achieving final confirmations in less than 1 second, overturning the traditional cross-chain bridge delays of over 30 seconds. After the autonomous network went live, Ika has been adopted by several leading SUI projects, demonstrating its technical advantages in DeFi, NFTs, markets, and other fields.
Currently, the market capitalization of IKA is 128.46M, with an FDV of 390.83M. Compared to the public fundraising price, the current token price is 0.039U, which is a 56% premium. However, overall, the token does not have an exaggerated premium compared to the VC round, and it is currently only listed on second-tier exchanges. Therefore, if one is optimistic about the future ecological development of SUI, students can consider gradually entering when there is a pullback or around the public fundraising price, anticipating its future listing on other first-tier exchanges.
Belle OS: When I saw it yesterday, it was only 0.029U, and now it's already 0.039U…
