ICP Token Drops 5% Amid Mission 70 Proposal, High Trading Volumes Signal Active Investor Monitoring

ICPUSDT has experienced a notable price decline of 5.02% over the past 24 hours, with the current price at 4.276 USDT according to Binance. This downward movement follows heightened volatility and profit-taking after a week of bullish momentum, which was driven by DFINITY’s Mission 70 tokenomics proposal targeting a 70% reduction in ICP inflation and technical ecosystem developments such as Bitcoin integration. The recent surge in exchange activity and trading volume reflects strong trader interest, but the immediate price pullback is likely attributed to short-term consolidation and responses to rapid gains earlier in the week. ICP’s market capitalization stands near $2.45 billion, with trading volumes remaining robust in the range of $137 million to $507 million across exchanges, indicating continued liquidity and active monitoring by investors.