ICP Gains Ground as AI Buzz, Valour ETP Listing Boost Institutional Visibility

ICP$2.9530 extended its recovery, holding above $5.50 to trade nearly 1% higher in the last 24 hours.

As altcoin markets continued to ride the wave of AI token enthusiasm, ICP benefited from a double tailwind: robust on-chain volume dynamics and the debut of a regulated staking exchange-traded product (ETP) in Switzerland.

Valour, a digital asset investment subsidiary of DeFi Technologies (DEFT), listed the 1Valour ICP$2.9530 ETP on the SIX Swiss Exchange, marking the first time institutional investors in the country can access native ICP staking rewards through a fully regulated, exchange-traded product. The listing enhances ICP’s visibility in traditional markets and offers secure exposure to blockchain yield.

This backdrop supported a $0.29 trading range for ICP, between $5.49 and $5.77 (a 5.12% spread), according to CoinDesk Research's analytical model. The token surged to a high of $5.77 by 21:00 UTC on July 16 before settling into a volatile range.

The launch of the Caffeine AI platform, which allows users to build dapps using natural language, has positioned ICP prominently within the AI token category.

High-volume inflows confirmed institutional interest at key support levels: $5.52 and $5.61, where 830,331 and 965,873 tokens traded, according to CoinDesk's technical analysis data model.

As AI and staking utility converge, ICP now sits at the intersection of two key crypto narratives. The combined momentum from Valour’s listing, altcoin strength and Caffeine’s rollout suggest the token may be building toward a renewed challenge of the $5.77 resistance zone.

Technical Analysis Highlights

• ICP traded between $5.49–$5.77, covering a $0.29 range (5.12%).
• Early surge peaked at $5.77 before retracing; support held at $5.52 and $5.61.
• Institutional-sized volume: 830K+ and 965K+ units traded at those support levels.
• Valour launched 1Valour ICP ETP with staking yield built-in on SIX Swiss Exchange.
• Final hour saw sharp move from $5.68 to $5.56 before stabilizing at $5.62.
• High-volume breach at $5.65 featured 121K tokens traded in a single minute.
• Overall volume trend reflects growing institutional and AI-aligned interest.
• Current price: $5.5883, holding mid-range with resistance at $5.77 in view.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.