#MetaplanetBTCPurchase $ICP

Those who ask if the ICP token can rise to 2800 like it once did

The answer is here

Why did the ICP token collapse from $2,831 to $5.37?

The ICP token was launched in May 2021 on major platforms like Binance and Coinbase, surprising everyone by reaching a price of $2,831 on its first day, but it quickly collapsed to around $5.

What is the reason?

1. The initial price was illusory

Due to low liquidity in the first minutes of trading, the price rose unnaturally. There was no real supply and demand determining the actual value.

2. Token monopoly

The development team (DFINITY) retained most of the tokens, only releasing a very small percentage. After listing, early investors began selling, causing massive sell pressure.

3. Media hype

The project was marketed as a "revolution in the internet," but practical usage and applications were not up to par.

4. Loss of trust

Over time, investors noticed that the project was not delivering on its promises, and community engagement was weak.