Internet Computer has been quietly gathering momentum in ways that aren’t obvious at first glance. According to Locc Page, a writer and ICP enthusiast on X, activity on-chain is picking up rapidly. Daily active wallets have jumped over the last month, and transaction throughput has returned to levels unseen for more than a year.
Smart contract execution continues to rise, proving that the activity isn’t random noise. People are building and interacting with the Internet Computer token in ways that suggest serious adoption.
Developer engagement on Internet Computer has surged alongside user activity. Code pushes and repository contributions have spiked, while new applications are launching at a pace that signals real ecosystem momentum.
Locc notes that more builders mean more utility, and that utility often lays the foundation for stronger ICP price performance. The Internet Computer token isn’t just moving; it’s evolving with tangible on-chain growth.
What you'll learn 👉
ICP Supply on Exchanges Is Shrinking
Data from centralized exchanges reveals that balances of ICP token are dropping aggressively. In just a month, there’s been a double-digit percentage decline in holdings, hinting that whales aren’t selling. Locc notes that this kind of behavior often precedes significant upside moves. Reduced supply on exchanges, combined with growing demand, sets the stage for potential price acceleration.
Internet Computer has broken above mid-range resistance in the high-teens and held that level. Price patterns show higher lows and a compressed weekly structure. This coiling setup is classic for a breakout. Locc Page points out that the combination of on-chain activity, developer momentum, and tightening market structure is exactly what precedes strong upward movements.
🚨 $ICP IS LOADING A MOVE BIGGER THAN MOST EXPECT
— Locc (@LoccDoh) November 21, 2025
Activity on-chain, developer momentum, and thinning liquidity all point in one direction: accumulation.
This isn’t intuition; it’s hard data, market structure, and network behavior lining up for a breakout. 🧵 (1/9) pic.twitter.com/ceAnjsHcEO
Capital Is Rotating Toward Active L1s Like Internet Computer
Investors appear to be shifting capital away from stagnant ecosystems and toward chains that show growth. ICP now stands out as one of the few Layer 1s with measurable user growth, developer activity, and a valuation that remains below its fundamentals. Locc emphasizes that this rotation is a critical factor behind potential ICP price movements.
Unlike moves fueled by leverage or synthetic positions, the current trend is led by spot buyers. Funding rates remain flat, and open interest is stable. According to Locc, spot accumulation leading derivatives is an ideal structure for a clean impulse, reducing the risk of artificial price spikes.
Potential Upside Targets for ICP
Several price checkpoints appear on the horizon for Internet Computer token. Initial resistance sits around $22, followed by a liquidity pocket near $28. If momentum continues, $35 to $40 could become the next target.
Locc stresses that across users, developers, liquidity, and market structure, all signals point toward a breakout.
Activity across the network, growing developer contributions, and shrinking exchange supply suggest that ICP is positioned for a move larger than most expect. Compression in price and clean spot accumulation indicate the setup might resolve upward before many notice. Locc encourages keeping an eye on these trends to understand the dynamics behind ICP price movements without assuming predictions are guarantees.
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