ICP Token Drops 7% Amid Heavy Institutional Selling, Breaks Key Support Levels

Internet Computer Protocol (ICP) fell 7% to $5.27, breaking through critical support levels and sparking concerns about sustained institutional interest. The token's drop below $5.48 support and surge in trading volume (708,905 units) indicate coordinated selling among large investors and corporate treasury desks. The broader crypto market is experiencing bearish pressure following hotter-than-expected U.S. inflation data.

The Internet Computer Protocol (ICP) token experienced a significant drop of 7% on Aug. 18, 2025, falling from $5.67 to $5.27. This decline breached the critical support level of $5.48, raising concerns about sustained institutional interest in the project [1].

The trading volume surged to 708,905 units, nearly double the 24-hour average of 386,248 units, indicating coordinated selling among large investors and corporate treasury desks. Brief recovery attempts failed, with the token falling back to $5.29, reflecting waning institutional participation.

The broader crypto market is currently experiencing bearish pressure, with the recent hotter-than-expected U.S. inflation data contributing to a risk-off sentiment. This broader market downturn can increase selling pressure on tokens like ICP due to reduced liquidity and the tendency of investors to sell more speculative assets first.

ICP's 7% drop from $5.67 to $5.27 on Aug. 17–18, coupled with the breach of the $5.48 support level and the surge in trading volume, suggests that institutional selling pressure dominated the market. The token's current consolidation near $5.29 reflects the waning interest from institutional investors.

The crypto market's overall bearish sentiment and the specific selling pressure on ICP highlight the need for investors to closely monitor market conditions and adjust their strategies accordingly.

References:
[1] https://www.coindesk.com/markets/2025/08/18/icp-loses-key-support-as-token-falls-7-in-heavy-institutional-selling