Internet Computer price has moved sharply higher over the past 2 days, catching attention after a period of relative quiet. ICP price has jumped more than 30% in that short window, pushing toward the $3.70 zone as trading activity surged. The timing of the move matters, because it did not happen in isolation. Momentum accelerated just as fresh details around a major tokenomics overhaul began circulating.
Analysis shared by crypto analyst Dao King helps explain why Internet Computer price is reacting so strongly right now and why this move goes beyond a simple market bounce.
ICP Price Surge Coincides With Exploding Trading Volume
ICP price strength has been reinforced by a sharp jump in trading activity. Volume expanded nearly 190% within 24 hours, reaching roughly $186M. That level of participation suggests broad engagement rather than thin liquidity pushing price higher.
Dao King notes that volume expansion often signals conviction when paired with structural changes. Internet Computer price has also outperformed several broader market benchmarks during this period, adding weight to the move. Price action aligning with volume usually points to a catalyst driven rally rather than random volatility.
Internet Computer Price Reacts To Mission 70 Tokenomics Shift
The biggest driver behind the ICP price pump is anticipation around Mission 70, a proposed tokenomics update released by the DFINITY Foundation on January 13, 2026. Mission 70 aims to reduce ICP inflation by up to 70% by the end of 2026, marking a fundamental shift in how supply is managed.
🚨 $ICP JUST DROPPED A QUIET BOMB 🚨 Mission70 = up to 70% LOWER ICP inflation by end of 2026. This is not cosmetic. This is a tokenomics reset 👇 🧵👇 1⃣ Supply shock incoming ICP inflation today ≈ ~9.7% Post-Mission70 ≈ ~5.4% 👉 and headed much lower as burn ramps via…
— Dao King (@DaoKingdom) January 13, 2026
Dao King describes this as a tokenomics reset rather than a cosmetic tweak. Annualized inflation is projected to drop from roughly 9.72% to about 5.42%, driven by reduced issuance and redesigned incentive structures. Voting rewards are being capped, neuron dissolve delays shortened, and node provider payouts cut by as much as 49%. These changes directly address dilution, a key concern for long term ICP price sustainability.
ICP Burn Narrative Adds Demand Side Pressure
Internet Computer price is also benefiting from a growing burn narrative tied to real usage. ICP is positioning itself as an on-chain cloud and AI platform, where applications consume cycles and burn ICP as they run. Tools like Caffeine.ai and upcoming cloud engines are expected to accelerate this process.
Dao King highlights that usage driven burns introduce demand-side pressure that many Layer 1 networks lack. As more compute runs on Internet Computer, more ICP is removed from circulation. That dynamic creates a feedback loop where activity and scarcity reinforce each other.
Internet Computer Price Finds Support From Ecosystem Momentum
On-chain data further supports the current move. Weekly burns recently reached 18,728 ICP, one of the highest levels recorded since September 2024. That metric signals growing network usage rather than speculative churn.
Internet Computer price strength reflects optimism around its role in AI and decentralized cloud infrastructure. Even with neutral broader market sentiment, ICP price has responded quickly to signs of structural improvement and long term demand alignment.
Internet Computer price action over the past 2 days shows how quickly markets react when supply mechanics and usage narratives shift at the same time. Whether this momentum extends further will depend on execution and sustained activity, yet the current move highlights why ICP price is back in focus after Mission 70 entered the conversation.