Jan 13, 2026
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Internet Computer Gains 17% with Trading Volume Tripling Before Tokenomics Update
The Internet Computer (ICP) token experienced a 17% increase, reaching $3.70 with a trading volume of $186.21 million, up 190%. This surge follows a seven-day high of $3.71 and a low of $3.09 earlier this week. The project has a market cap of $2.02 billion.
Upcoming Tokenomics Announcement
- A white paper on the Mission70 initiative is set to release, aiming to reduce new ICP tokens entering circulation by 70% in 2026.
- Dfinity founder Dominic Williams hinted at significant upcoming announcements for 2026.
Technical analysis indicates a reversal pattern on the five-day chart, erasing about 20 days of losses. Analyst @brain2jene highlights a bullish engulfing candle suggesting strong momentum.
On-chain data reveals a weekly burn rate of 18,728 ICP, the second-highest since September 2024.
Broader Market Conditions
- $176.55 million in forced liquidations occurred over 24 hours, with $104.61 million being bearish positions.
- The Fear & Greed Index recorded at 26, indicating fear, despite a 1.41% rise in total crypto market capitalization to $3.25 trillion.
ICP is categorized within AI and infrastructure sectors. The Dfinity Foundation enhanced its AI capabilities with the Caffeine app launched in November 2025.