Do the non $ICP believers realise that nearly half of the ICP total supply is staked for longer than 12 months?
It literally cannot be sold this cycle. There is in effect, roughly 340m ICP available.
Once canisters start burning more ICP than staking rewards, it's also deflationary.
The supply shock is coming, and it's going to hit like a rocket.
Open interest had ICP valued at $18 last month, that is, for many their first target. Most want to see $35, some want to see it reach its 3 figure potential.
ICP holders are maxis, they know what they hold. Everyone fading now is going to fade at $10, $20 $30 and so on.
Read the room.
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