Today I want to talk about the coin ICP. It was launched at the end of the last bull market and was launched simultaneously by the four major firms. However, it didn’t take long before the 5.19 plunge occurred. I first purchased ICP in July 2021 when the price was $28. It went as high as $87, but I didn't get out in time. After two years of decline, the position basically returned to zero. Why did this coin drop so sharply? First of all, he joined the exchange at the peak of the bull market. At that time, FDV was second only to Bitcoin and Ethereum, and its valuation was seriously overvalued. Secondly, its seed round chips were very low, and the financing price of each ICP seed round was only 3 cents, and is unlocked linearly over four years. Therefore, even if the price of the currency is only $3, the seed round can still obtain a hundredfold return, which leads to the chips being sold regardless of the cost. This kind of chip structure is extremely unhealthy and must go through a long period of washing. The good news is that only March and April are left to unlock the seed round. Some time ago, ICP released huge amounts and left the bottom range. It is obvious that the main force has almost finished collecting chips and does not want retail investors to pick up cheap chips. Now ICP should be in the main rising wave. Although it has been consolidating in the past two months, the unstable chips will be washed away at most in another month. , then start. Celebrity coins like ICP that are listed in the four major exchanges will definitely not be at risk of being delisted in the current bull market. Personally, I think ICP can be compared with ADA in the last bull market. For a coin like this that has been severely criticized and that no one would buy, if it has not experienced a main rise, reverse operations may have good results. Interestingly, I have been in ICP’s community before, whether it is Telegram group or OpenChat (ICP’s own social software), the group from 21 to 22 years is very active. However, since the recent rise from the bottom, the price has increased by up to five times, it has been extremely deserted and no one is talking. I think this sentiment indicator is also worth looking at. The above content is for reference only and does not constitute any investment advice, dysor. $ICP