Layer 1 token ICP has surged over 25% today, showing a very strong performance. A key factor behind this rally is the Mission 70 plan, which will reduce the new ICP supply by 70%, having a substantial impact on the tokenomics. However, it's worth considering whether this is a genuine market reaction to the supply mechanism reform or just short-term emotional-driven trading. Based on on-chain data and market feedback, this question is quite interesting.

ICP1,93%
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BlockchainNewbievip
· 01-18 01:59
A 70% reduction in supply leads to a 25% surge. I've seen this trick too many times. Wake up, everyone. --- Is Mission 70 truly a reform or just another round of cutting the leeks? Let's wait and see. --- Whether ICP can stabilize this time depends on whether there is real demand to support it. Relying solely on supply-side manipulation will definitely fail. --- Wait, can reducing new supply really improve economics? It just feels like a psychological button. --- What does a 25% increase mean? It just shows that retail investors are still easily brainwashed by stories. What do on-chain data say? --- Reducing supply sounds good, but the question is who benefits and who suffers. We need to see the full picture.
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wrekt_but_learningvip
· 01-15 23:56
A 25% increase is pretty good, but Mission 70 sounds a bit too good to be true? The narrative of supply reduction can be hyped up every time; it depends on whether it will actually be implemented later on...
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ChainMelonWatchervip
· 01-15 09:52
Supply cut by 70%? Sounds very extreme, but can this rally be sustained?
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TestnetNomadvip
· 01-15 09:52
Supply cut by 70%? Sounds good, but can this rally be sustained...
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SwapWhisperervip
· 01-15 09:44
Reduced supply sounds good, but I'm afraid it's just a 25% smoke screen.
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LiquidationSurvivorvip
· 01-15 09:43
ICP this wave is really strong. When Mission 70 was released, it immediately surged by 25%. But to be honest, is the market really that convinced by the reduced supply? I think it's mostly driven by emotions...
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