Internet Computer (ICP) token surged nearly 35% to reach $4 after Dfinity announced that WordPress can now operate fully on the Internet Computer blockchain. This integration includes the frontend, database, caching system, and admin functions running entirely on-chain, which has significantly boosted market sentiment. The price later stabilized around $3.70, with analysts eyeing $4.50 as the next major resistance level.
The rally was further supported by whale accumulation, as wallets holding between 10,000 and 1 million ICP tokens increased their holdings throughout May. This accumulation, coupled with a technical breakout above the 200-day EMA, has strengthened the bullish momentum. Analysts suggest that as long as the $2.78 support zone holds, higher prices remain possible, potentially targeting $7 by mid-2026.
ICP Price Jumps 35% Following WordPress On-Chain Integration
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
