From the perspective of wallet activity, staking and mining activities of ICP tokens are one of its important application scenarios. Users can participate in mining and earn additional rewards by staking ICP tokens into smart contracts. This staking and mining model not only provides users with profit opportunities but also enhances the stability and liquidity of the ICP network.
However, the price of ICP tokens is highly volatile, having dropped by 3.83% within 24 hours, indicating unstable market sentiment. This volatility may be related to overall market sentiment, technical challenges, and competitive pressure. Nevertheless, the ICP community and ecosystem continue to develop, and its technological potential and application scenarios are still favored by some investors.