IRYS Token Surges 1,200% Above May Listing Peak

The striking detail is the combination of a 1,200% move past the listing peak and a float of just 20% — a thin circulating base that can amplify price action in either direction and makes the $561 million valuation a statement about the float rather than the fully diluted asset. That distinction matters most for anyone reading the headline figure as a measure of the project's scale. Whether the remaining supply enters the market in a way that tests this price, and how liquidity holds up as it does, is the open question.