Day 1 float (also called initial circulating supply or TGE float) is the total number of tokens in unrestricted circulation on the first day of trading. It includes public sale allocations (if fully unlocked), airdrop distributions, liquidity pool seeds, market maker loans, exchange integration fee allocations, and any team-controlled tokens designated as unlocked.

Day 1 float is one of the most consequential design decisions in your tokenomics because it directly determines your launch market capitalization (Float * Price = MC), initial depth of liquidity, and vulnerability to early price volatility.

Holding all other variables constant (same demand, same liquidity provision, same market conditions), float size creates distinctly different launch dynamics. Low float (5-10%) creates conditions for dramatic early price appreciation but also makes the token vulnerable to sharp corrections and order book manipulation; small orders move price significantly in either direction. High float (40%+) creates more stable price discovery but may limit the initial upside momentum that drives narrative and attention.

Most high-quality launches target 10-20%, balancing sufficient liquidity for healthy price discovery against the need for upward momentum at TGE. In practice, these dynamics interact with demand strength, market maker depth, and broader market sentiment. Float is the variable you control, but outcomes depend on the full picture.

Use Forgd's Tokenomics Tool to model different float scenarios and their impact on projected market cap and sell pressure dynamics.