important notes
- Weekly token burn reached 18,728 ICPThe interest rate was the second highest since September, amid mounting deflationary pressures.
- Trading volume increased by 190% to $186.21 million, with the overall cryptocurrency market showing modest gains amid fears.
- A technical reversal pattern appeared on the 5th chart, erasing nearly three weeks of downtrend.
Internet Computers rose 17% in 24 hours, nearly tripling its trading volume from the previous day, and rose to $3.70.
According to CoinGecko data, the token’s daily trading volume reached $186.21 million, an increase of 190% from the previous session. ICP ICP $3.55 24 hour volatility: 11.8% Market capitalization: $19.4 billion Vol. 24 hours: $217.97 million It hit a seven-day high of $3.71 after trading as low as $3.09 earlier this week. The project was developed by the Swiss non-profit Dfinity Foundation and currently has a market capitalization of $2.02 billion.
ICP price first half |Source: TradingView”>
ICP H1 prices | Source: TradingView
Upcoming tokenomics announcements
This price movement comes in advance of expected ecosystem announcements. Dfinity founder Dominic Williams confirmed on January 12th that a white paper detailing the Mission70 initiative will be published on January 14th. ICP The token will be 70% in circulation during 2026.
#Mission70 paper is progressing as promised 🙂
Once it ships tomorrow, we’ll be announcing the already looming date for Internet Identity 2.0. In general, 2026 is going to be full of big announcements and lots of impactful new things, so get ready 💪 https://t.co/YLEgcjc0BB
— Dom Williams.icp ∞ (@dominic_w) January 12, 2026
Technical analysts also pointed to chart patterns as a contributing factor. Analyst @brain2jene observed that the token’s 5-day chart shows a reversal pattern that erases about 20 days of previous losses.
$ICP Coupled with a bullish engulfing candlestick that erased the losses of the past 20 days, it sends a clear signal that momentum is building on the 5D chart. #ICP is technically powerful and I think once liquidity starts moving, many people will be left behind.
Details and goals… pic.twitter.com/bA3cQvLIfe
— Brain2jene💫 (@brain2jene) January 12, 2026
On-chain data tracker @icterminal noted that the weekly burn rate, which measures tokens permanently removed from supply, reached 18,728. ICP. This was the second highest weekly burn since September 2024.
$ICP weekly Burn Hits 18,728.5 — second highest of the week Burn From September 2024 onwards
🔥 The majority consensus was correct (52.2% voted over 10,000)
For weekly burn chart please visit 👉 https://t.co/WEEgwj4nR8 https://t.co/LQwOoLtoGu
— icterminal.com (@icterminal) January 12, 2026
broader market conditions
According to market-wide data from Coinglass, there were $176.55 million in forced position closures in 24 hours, of which bearish bets accounted for $104.61 million.
Liquidation heatmap |Source: Coinglass
The Fear and Greed Index recorded a fearful 26, down one point from the previous day. The broader crypto market increased market capitalization by 1.41% to $3.25 trillion. As Coinspeaker previously reported, the index has been stuck in scary territory for an extended period of time after the volatility in late December.
ICP It falls under CoinGecko’s AI and Infrastructure category. Dfinity Foundation previously expanded its AI capabilities with the release of the Caffeine application in November 2025.
Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information but should not be taken as financial or investment advice. Market conditions can change rapidly, so we recommend that you verify the information yourself and consult a professional before making any decisions based on this content.
