Recently, those paying attention to the crypto market have noticed that ICP, which had been silent for months, suddenly surged by 15%. Many are asking whether this is retail investors following the trend or if there is a deeper logic behind it. To be honest, this move is not just a simple pulse-like hype, but a genuine market expectation for a reform of the token economic model.

The real turning point came from an official announcement by DFINITY founder Dominic Williams. Tomorrow (January 14), the "Mission70" white paper will be released. What is the core of this document? It is a complete overhaul of ICP's economic model—aiming to reduce the inflation rate by over 70% by 2026.

How significant is this change? Previously, ICP's annual inflation rate was as high as 14%. What does that mean? Holders see their ICP quantity unchanged each year, but the actual value is constantly being diluted. Long-term holders' profit margins are continually squeezed, which is a main reason many are hesitant to hold large positions. But "Mission70" changes this situation.

After cutting the inflation rate by 70%, combined with the existing Cycles burn mechanism (where ICP exchanged for network fuel is directly destroyed), the entire token system begins to shift toward deflation. In the crypto market, how attractive is a deflationary narrative? Just look at the market movements caused by Bitcoin halving. ICP shifting from high inflation to potential deflation is not a gimmick; it is a real economic logic change.

The key point is that this expectation is set to be realized next year, not in some distant future. The market has already reacted in advance—what's strange about that?