ICX has no price beyond 2026 to predict. The ICON Foundation says the ICON Network will shut down for good on 31 December 2026. ICX can be migrated to the SODA token at a fixed 1:1 ratio until that date and not after it. Any ICX forecast for 2027 to 2030 now describes a token whose own chain will no longer run. The question that matters to holders is what SODA is worth and what happens to ICX left unmigrated. At 09:52 UTC on 25 October 2026, CoinGecko listed ICX at $0.01009 and SODA at $0.00936.
The newest development: migration is one-way and the deadline is fixed
On 24 September 2026 the ICON Foundation said that two-way migration between ICX and SODA would close on Friday, 25 September 2026. That was five days earlier than the 30 September date it had announced before. The Foundation also said the "final migration deadline and ICON Network shut down remains unchanged, scheduled for December 31." Since 25 September, only ICX-to-SODA swaps are supported.
How ICON got here, by date (all from ICON Foundation posts):
| Date | Event |
|---|---|
| 9 Sep 2025 | Foundation publishes SODA supply details: 1 ICX : 1 SODA, maximum supply 1.5 billion |
| 15 Sep 2025 | Test migration from ICX to SODA begins |
| 6 Feb 2026 | Phased halt to ICON layer-1 emissions announced |
| 2 Mar 2026 | Migration roadmap published; ICX emissions set to end 26 March 2026 |
| 26 Mar 2026 | Economic shutdown: "staking rewards and all token emissions have ended" |
| 25 May 2026 | After a network proposal, permanent shutdown set for 31 December 2026 |
| 27–28 Aug 2026 | Replay exploit on the migration contract; network halted about 25 hours |
| 25 Sep 2026 | Two-way migration closes; one-way ICX → SODA only from here |
| 31 Dec 2026 | Final migration deadline; ICON Network shuts down |
What the shutdown means for ICX
- No more yield. Since 26 March 2026, staking ICX earns nothing. The Foundation's March roadmap removed the 1% validator bond requirement, so validators can unbond without penalty.
- Migration closes with the chain. The final ICX-to-SODA migration deadline is 31 December 2026. In the Foundation's words: "After this date, ICX can no longer be migrated."
- Only history remains. "A read-only archive will be made available for historical transaction lookups."
- Exchange balances. The Foundation says ICX held on centralised exchanges will be converted to SODA automatically once each exchange adopts the migration. Holders who keep ICX on an exchange should ask that exchange whether it has converted their balance.
- Self-custody. The Foundation directs holders to its migration page at sodax.com and says a small balance of S, the gas token of the Sonic network, is needed for transactions there.
This is the reason the old ICX forecast tables are gone. Their year-by-year targets assumed an inflationary staking token on a live network. The emissions have stopped and the network has an end date.
What happens to your ICX?
Answer two questions to see what the ICON Foundation says applies to ICX held the way you hold it.
Is today on or before 31 December 2026, the final migration deadline?
- Yes, the deadline has not passed → next question
- No, the deadline has passed → Migration has closed
Where is your ICX held?
- On a centralised exchange → Automatic conversion, if the exchange adopts it
- In a wallet I control myself → One-way migration through the Foundation's page
The Foundation says ICX can only be migrated to SODA through 31 December 2026, and not after that date. Its posts do not say what happens to ICX left unmigrated; that part is not verified. A read-only archive is planned for looking up past transactions.
The Foundation says ICX held on centralised exchanges will be converted to SODA automatically, at 1:1, once each exchange adopts the migration. Whether your exchange has done this has to be checked with that exchange before 31 December 2026.
The Foundation directs self-custody holders to its migration page at sodax.com, where ICX converts to SODA at 1:1. Since 25 September 2026 only ICX-to-SODA swaps are supported, and a small balance of S, the Sonic network's gas token, is needed for the transactions.
This only restates the ICON Foundation's published migration terms: it does not check any exchange's status, cover staking or tax, say what SODA is worth, or tell you whether to migrate, hold or sell.
What SODA is, in numbers
SODA is the token of SODAX, which the Foundation describes as coordinating transactions across 18 networks. SODAX runs on Sonic.
Supply (ICON Foundation forum, 9 September 2025)
- Conversion: "1 ICX : 1 SODA", one-for-one, no lock-up.
- Maximum supply: "1.5 Billion SODA Token is the maximum total supply that will ever be in existence."
- 420 million SODA is locked at the token-generation address and does not count as circulating.
- "Every year, 84 Million tokens will be unlocked." Projected circulating supply goes from 1.08 billion on day one of the official migration to 1.5 billion at the end of year five.
That fixed cap replaces ICX's open-ended emissions. The 84 million SODA unlocked each year is a known source of new supply, equal to about 7.8% of the day-one float in year one.
Rewards (ICON Foundation, 2 March 2026)
SODAX Stake rewards come from "a designated 20% portion of SODAX-generated fees". SODAX Pool rewards are first funded from migrated ICON Network incentive funds. The Foundation published no APR.
Market data (CoinGecko, 25 October 2026, about 09:53 UTC)
| ICX | SODA | |
|---|---|---|
| Price | $0.01009 | $0.00936 |
| Market cap | $11.07 million | $10.10 million |
| Circulating supply | 1.097 billion | 1.079 billion |
| All-time high | $13.16 (8 Jan 2018) | $0.0964 (1 Jan 2026) |
| All-time low | $0.00061 (19 Oct 2026) | $0.00712 (1 Oct 2026) |
| Change | −88.76% over 1 year | −29.96% over 30 days |
CoinGecko recorded ICX 24-hour volume of $17.99. With trading that thin, the quoted ICX price says little about what a large sale would fetch, and the 19 October all-time low came on almost no volume. Since migration is 1:1, ICX would normally trade close to SODA. The small gap between the two prices comes from very thin markets and is not a signal.
The August 2026 exploit
On 27 August 2026, between 02:01 and 02:21 UTC, an attacker exploited a replay flaw in the ICON migration contract and the SODAX Asset Manager contract. The serial-number check validated only the high bits of the number, while the signature covered the low 256 bits. Two signed withdrawal messages were replayed 1,492 times, and 1,490 calls succeeded.
According to the Foundation's post-mortem (30 August 2026):
- 119,866,000 ICX was released. About 116.5 million ICX reached two exchanges that, the Foundation says, froze the accounts.
- The 1,366,000 SODA and 531,600 bnUSD involved were recovered in full.
- The confirmed net loss was about 150.2 ETH plus 31,204 USDC.
- "No user deposits, balances, or positions were accessed or affected."
- The network halted at 06:18:54 UTC on 27 August and resumed at about 07:51 UTC on 28 August.
The Foundation says the serial routine was fixed, withdrawals now require recognised relayer addresses, and a regression test was added. It notes that some figures may be revised as recovery continues.
So what is an "ICX price prediction" worth now?
ICX's value now depends on SODA's, through the 1:1 migration, until 31 December 2026. After that, the Foundation's documents give ICX no route to anything. A forecast for SODA has to rest on things that can be checked:
- Fee revenue at SODAX, because staking rewards are tied to 20% of it.
- The unlock schedule of 84 million SODA a year until supply reaches 1.5 billion.
- Migration completion: how much of ICX's 1.097 billion circulating supply moves to SODA before the deadline.
- Liquidity: whether SODA's markets are deep enough for its price to mean anything.
No SODA price target is given here. The four measures above are the ones that would move one.
The market figures are a single CoinGecko snapshot from 25 October 2026 and will be out of date quickly on markets this thin.
