ICP Plummets 25% Following Surge Above $6.50

2025-11-05 22:17

ICP experienced a sharp decline of nearly 25% on Wednesday, trading just below $5 after a significant surge past $6.50 the previous day. The token had previously gained 64% on Tuesday, but profit-taking activities curtailed further upward momentum. Trading volume for ICP reached 20.48 million tokens, marking a 418% increase above the average, with prices fluctuating between $4.77 and $6.35. Analysts observed that the elevated trading volume and liquidity spikes suggest institutional interest, although they also highlight increased short-term risks.

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