Internet Computer (ICP) crashes to $3.50 as AI hype fades and market pressure mounts

  • Internet Computer (ICP) price has dropped 6% in the past 24 hours to under $3.50.
  • Recently, the altcoin pumped from lows of $2.80 to above $9.62.
  • Overall market weakness could see ICP price tank further, although an uptick for Bitcoin will boost altcoins.
The Internet Computer (ICP) token has endured a sharp downturn in the past month, culminating in a 24-hour dip of over 6% as the price broke below $3.50.

Losses for Internet Computer come amid a 29% decrease in trading volume, suggesting bulls could benefit from reduced selling pressure.

However, with ICP briefly rallying on hype around AI integrations like the Caffeine platform, only to reverse course, it may yet allow bears to strengthen the upper hand.

Internet Computer price slips to $3.50

The ICP project, launched by the DFINITY Foundation, is one of the top artificial intelligence-related coins.

DFINITY aims to revolutionize the internet by enabling fully on-chain applications, from decentralized finance to AI-driven services, without reliance on traditional cloud providers.

In early November, the DFINITY Foundation unveiled an update for its AI platform Caffeine DeAI.

The news saw the price of ICP surge sharply, with bulls eventually hitting highs of $9.62 on Nov. 8, 2025.

ICP Price Chart
Internet Computer price chart by TradingView

The uptick aligned with market cheer for an update that pushed the narrative of the Internet Computer as a key AI cloud engine.

As well as allowing users to create and deploy apps easily, Caffeine features an App Market and supports monetization.

DFINITY said Caffeine will help drive network usage and transition ICP to a deflationary asset, among other features.

However, the token’s price has tumbled since that November peak and hit $3.50 on December 5, 2025. That’s a 64% dump in the past month and reflects broader market pressure.

What could catalyze short-term losses for ICP?

Market analysts have attributed the sell-off pressure across crypto to a confluence of factors.

As well as macroeconomic headwinds, FUD around Tether and Strategy (MSTR) has dampened risk appetite for Bitcoin (BTC) and the speculative assets across altcoins.

These same aspects apply to ICP and the dip to $3.50, with intraday revisits of lower levels, strengthening the fragile outlook.

Adding to this is the overall sentiment around token dumps if BTC price tanks.

Recently, when Bitcoin dipped to near $80,000, the Internet Computer token plummeted from above $5 to below $4.2.

Price currently hovers around $3.51 as Bitcoin flirts with support near $90,500. If momentum escapes bulls further, sellers could eye the all-time lows of $1.98 reached in October 2025.

On the flipside, the altcoin could benefit from network upgrades and adoption trends.

This, amid a resurgence in AI tokens and tokenized Bitcoin demand, may help buyers. A shift in sentiment as the macro environment improves will be crucial to bulls.

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Chainlink partners with Coinbase on Base–Solana bridge as LINK targets new breakout levels

  • Chainlink price hovered near $14, down 2% in the past 24 hours.
  • LINK remained under pressure despite two key integrations on Solana.
  • Coinbase and Chainlink have launched a Base-Solana bridge.

Chainlink continues to play a key role in the blockchain interoperability and asset tokenisation space, and that shows in the two latest integrations.

As a pivotal oracle network bridging decentralised finance (DeFi) with traditional systems, Chainlink’s traction is forecast to be a major factor for the native token LINK.

On December 5, 2025, LINK traded around $14.

Bulls were under pressure but remained upbeat amid recent advancements. Among these is the collaboration with Coinbase on the Base-Solana bridge and the integration into a Solana-based RWA consortium.

Chainlink and Coinbase to power Base-Solana bridge

Three major industry players here: Coinbase, Chainlink and Solana. Industry reaction to their latest collaboration highlights the potential impact.

Simply, the launch of the Base-Solana bridge marks a significant milestone in multi-chain connectivity. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) serves as the security backbone alongside Coinbase’s node operators.

As announced, this mainnet deployment enables seamless asset transfers between Base and Solana.

CCIP will help verify all messages, ensuring tamper-proof and reliable token movements on Solana. In this case, users can now deposit SOL into Base applications, import any Solana Program Library (SPL) token, and export Base assets back to Solana.

“The bridge is now live on mainnet and rolling out for anyone to use in apps including Zora, Aerodrome, Virtuals, Flaunch, and Relay,’ Base said in a blog post. “Users will be able to trade SOL, CHILLHOUSE, TRENCHER, and many more Solana assets on Base.”

Chainlink joins RWA initiative on Solana

Another major development is news that Chainlink has joined the newly formed RWA Consortium on Solana. The initiative, led by Figure Technology Solutions in partnership with Kamino Finance, CASH, Raydium, Privy, and Gauntlet, was announced on December 4, 2025.

Experts say real-world assets onchain value will grow exponentially in the next five years.

Early adoption has virtually every RWA now onchain and Solana plays a key role in this space. Chainlink too.

The new alliance aims to democratize access to over $1 billion in monthly onchain loan originations. First to deploy is PRIME,  a liquid staking token on the Hastra liquidity protocol.

“We’re democratizing access to institutional lending markets,” said Mike Cagney, founder and executive chairman of Figure. “For the first time, a DeFi user with $100 can participate in the same loan pools as major financial institutions, earning yields from real lending activity with full transparency and instant liquidity.”

LINK price forecast

Chainlink’s oracle infrastructure is central to this goal. Its technology will connect Solana’s developer-friendly environment with Figure’s $19 billion in tokenized loan originations.

These initiatives could further catalyse price appreciation for both LINK and SOL.

At the time of writing, LINK changed hands at $14 while Solana price hovered at $136. If prices rise further, the main short-term target will be highs above $26, last seen in August. SOL bulls will eye $200.

Other bullish catalysts will include crypto ETFs, regulatory clarity and a flip in global macroeconomic outlook.

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