IP declined roughly

↘40%

over the past month, underperforming its Layer 1 peers as selling pressure dominates trading activity.

Selling pressure dominates

More people are selling than buying by a 2-to-1 margin over the past day, pushing price down approximately

↘10%

in the same period while trading costs show investors are betting on further declines.

Underperforming Layer 1 peers

IP dropped roughly

↘40%

over the past month compared to the Layer 1 category average decline of approximately

↘18%

, placing it near the bottom of its peer group.

Trading costs reflect bearish bets

Traders holding short positions (bets that price will fall) are paying premiums to maintain those positions, with costs running at roughly

↘51%

annualized, signaling strong conviction in further weakness.