IIRC - the 10% IPO means the capitalization at launch will be $160 million. That's a risky investment for people who poured BTC into this. It's easier said than done to hit $1 billion or $10 billion.
You have to factor in the farmers, like miners, who'll be dumping to meet their overhead. I'm pretty certain this IPO was never determined to be a good investment.
I think the proper calculation of market cap should be float. Let's say 10% (IPO) + 15% (DEV) = 25% has been floated, so we are really talking here about around a $15 million market cap. Note that the other SafeCoins still need to be farmed. It is the analagous to BTC, where 12 million exists today but another 12 million still need to be mined.
$15 million market cap.... not bad considering the amount of innovation in this coin.