$ICP is isnāt hype.
This isnāt narrative trading.
This is math playing out in slow motion ā and itās accelerating.
For months, Iāve been tracking one variable that actually matters long term: net ICP supply. Not price. Not sentiment. Supply.
Whatās happening now is something the market historically prices late.
š„ The Burn Curve No One Is Modeling Correctly
$ICP token burn is not discretionary.
Itās not a governance vote.
Itās not a marketing event.
It is usage-driven.
Every dApp deployed on Internet Computer converts ICP into Cycles.
Those Cycles power computation.
That ICP is destroyed permanently.
Hereās the hard data:
2023: ~58,000 ICP burned
2024: ~553,000 ICP burned
2025: ~1.66 million ICP burned
This isnāt linear growth.
This is compound acceleration.
The burn rate isnāt rising because of hype ā itās rising because real workloads are increasing.
š Why āPriceā Is the Last Thing to React
Markets are good at pricing stories.
Theyāre terrible at pricing structural transitions.
Right now, ICP is still being valued as:
A high-float token
With perpetual emissions
And optional demand
That framework breaks the moment burns begin to rival emissions.
We are approaching that zone.
ā ļø The Inflection Point Most Will Miss
Thereās a specific moment every asset with real burn mechanics goes through:
When demand-driven destruction overtakes issuance.
Once that threshold is crossed:
Supply tightens automatically
Valuation models reset
Price stops waiting for narratives
You donāt get announcements for this.
You only get data ā and hindsight.
š§ Why 2026 Matters
If current trajectories hold, 2026 marks the beginning of a supply-deficit era for ICP.
Not because of optimism.
Not because of influencers.
Because usage mathematically outpaces creation.
At that point:
Each new user is a net supply drain
Each new dApp increases scarcity
Each unit of demand competes for fewer tokens
Thatās not bullish language.
Thatās economic inevitability.
š Positioning vs. Chasing
Smart money never waits for confirmation. By the time āburn > emissionsā is obvious on price charts, positioning is already done.
The market doesnāt reward those who react. It rewards those who understand sequence.
And supply shocks always announce themselves after theyāve already started.
Final Thought
This isnāt a call for tomorrow. Itās a recognition of where the system is heading.
ICP isnāt reducing supply by promise. Itās reducing supply by being used.
History shows:
Assets with demand-driven burns donāt stay mispriced forever.
They just stay misunderstood⦠until they donāt.
#ICP #InternetComputer #TokenBurn #SupplyShock