Iron Fish
-76%
est. 2Y upside i
Rank
#3544
Sector
Cryptocurrency/Blockchain
Est. Liquidity
~2Y
Data Quality
Data: LowThis equity offer has a high probability of being worthless due to a $33M preference stack against a $5.8M common valuation and the departure of the founding team to Base.
Last updated: July 21, 2026
Token market cap reaches $50M driven by renewed privacy demand and strategic partnerships, allowing common shares to recover after preference. Net of 20% dilution, common upside is +136%.
Token market cap remains below $33M liquidation preference ($10M expected), giving common stock $0 value. No recovery from current depressed valuation.
Further decline in token price to near zero due to team departure and regulatory headwinds, common stock worthless.
Preference Stack Risk
severeFunding Intensity
573%Total preferred funding $33M dwarfs current market cap $5.8M, leaving common stock deeply underwater.
Dilution Risk
moderateGiven minimal runway since 2021, a down round would dilute common significantly.
Secondary Liquidity
activeIRON token trades on some exchanges, providing liquidity for vested tokens.
Questions to Ask at the Interview
Strategic questions based on Iron Fish's data — designed to show you've done your homework.
- 1
“How does Iron Fish plan to attract developers and users after the core team's acquisition?”
- 2
“What is the current token revenue model and what metrics are used to measure network adoption?”
- 3
“Given the high preference stack, how do you evaluate the potential dilution and liquidity for employee equity?”
Community
Valuation Sentiment
Our model estimates -76% upside. What do you think?
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Community Discussion
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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.