IP experienced a 16% surge in the past 24 hours, driven by heightened activity from retail traders in both spot and derivatives markets. This increase in trading volume highlights a significant retail interest, although the rally's sustainability is uncertain without backing from larger investors such as whales or institutions. On-chain data indicates a rise in retail orders and a bullish market sentiment. However, analysts caution that the momentum could face sudden corrections if market sentiment changes, given the current lack of institutional support.