IP declined roughly

↘28%

over the past week as sellers outnumber buyers and trading activity drops sharply.

Selling pressure dominates across metrics

IP dropped roughly

↘28%

over the past week while sellers outnumbered buyers by 1.34x in the past 24 hours, with trading participation falling approximately

↘33%

over the same period.

Trading activity drying up

Trading volume decreased roughly

↘40%

over the past day while the number of active traders dropped approximately

↘33%

in the same timeframe, suggesting waning interest.

Underperforming Layer 1 peers

IP declined roughly

↘28%

over the past week compared to the Layer 1 category average of

↘17%

, underperforming its peers by approximately

↘11%

.