ICP Surges 5% on Token Burn and AI-Powered Development Tools

The Internet Computer Protocol (ICP) token rose 5% to $5.57 over the last 24 hours, driven by strong technical structure and key fundamental upgrades. The token's recent rally is attributed to the launch of Internet Computer 2.0, which includes AI-powered development tools, and the burning of over 1 million ICP tokens in five months, reducing overall supply. Institutional accumulation and volume spikes above average have also contributed to the token's growth.

The Internet Computer Protocol (ICP) token has experienced a significant 5% increase, reaching $5.57 over the last 24 hours, driven by strong technical fundamentals and key upgrades. The recent rally can be attributed to the launch of Internet Computer 2.0, which includes AI-powered development tools, and the burning of over 1 million ICP tokens in five months, reducing the overall supply. Institutional accumulation and volume spikes have also contributed to the token's growth [1].

Meanwhile, Ethereum (ETH) has seen substantial institutional interest, with blockchain firm BTCS Inc. planning to raise up to $2 billion through share sales to expand its cryptocurrency holdings. This move, disclosed in an S-3 registration statement filed with the US Securities and Exchange Commission (SEC), aims to grow BTCS's digital assets portfolio and operations. The firm intends to use the proceeds for purchasing digital assets, working capital, and other general corporate purposes [2].

BTCS has been steadily increasing its ETH reserves, with recent purchases bringing its total holdings to 70,028 ETH, currently valued at around $275 million. According to CoinGecko, BTCS ranks fifth among publicly-traded companies with the largest ETH treasuries. The firm's shares have recorded a slight pullback, trading 2.6% lower at $4.91, but remain up almost 100% on a year-to-date (YTD) basis [2].

The year 2025 is shaping up to be the year of Ethereum accumulation, with several firms increasing their ETH holdings. SharpLink Gaming recently acquired 79,949 ETH, and Bit Digital bought 19,683 ETH last week, using net proceeds from a share offering. Additionally, inflows attracted by spot Ethereum exchange-traded funds (ETFs) continue to increase, eclipsing those recorded by their BTC counterparts. At press time, ETH trades at $3,796, up 0.8% in the past 24 hours [2].

Institutional support and strong technical fundamentals are driving market growth for both ICP and ETH. As these tokens continue to gain traction, investors and financial professionals should closely monitor developments to capitalize on potential opportunities.

References:
[1] https://www.fxempire.com/forecasts/article/sui-price-forecast-analyst-sees-150-rally-ahead-for-layer-1-token-1537708
[2] https://bitcoinist.com/ethereum-treasury-btcs-2-billion-raise-crypto/