Mint Flow
Where newly minted ICP goes.
Each mint of 100 ICP or more is tracked for 7 days. We record every transfer out of the recipient address. Direct transfers to labeled exchange addresses are counted separately, with a known gap: deposit addresses are never labeled, so that count understates exchange flow and is not a sell-pressure estimate.
1,115,168.00 ICP
330,053.77 ICP
29.6% of minted
ICP that moved out of the recipient address within 72 hours of the mint, to any destination. Measured departure, not attributed sale. A floor: mints of the last 72 hours are still inside their measurement window.
297,086.24 ICP
26.6% of minted
ICP that measurably left its mint recipient within the window and did not arrive at a labeled address on the first hop. Measured departure with an unlabeled destination. Deposit addresses are never labeled, so part of this figure is exchange flow we cannot attribute, and part is not. No intent is attributed to any of it.
32,967.53 ICP
3.0% of minted
ICP that arrived at an address we have labeled as an exchange on the first hop out of the mint recipient. Deposit addresses are never labeled, so this is a floor and not a sell-pressure estimate. It is a subset of the not-attributed tile's parent measurement, not an addition to it.
To-exchange measurement window
Daily minted ICP - 30 days
Bars show minted ICP per day. The to-exchange overlay (selected window) and the to-staking overlay (7d) are subsets of minted, drawn in front of the minted bar and sharing the same baseline, so an overlay never exceeds the minted bar height. Dimmed bars are days whose 7-day measurement window is still open.
- Minted
- Left recipients (72h)
- → Exchanges (72h)
- → Re-staked (7d)
To exchange, 72h window: 32,967.53 ICP of 1,115,168.00 ICP minted
Exchange-attributed flow appears on 4 of the 30 days shown.
Attribution note: this chart assigns each flow to the day the ICP was minted, and counts only transfers that reached a labeled exchange address, so it is a floor that updates retroactively. Left recipients is the measured share of that day's minted ICP that has left the receiving addresses, to any destination. For the total ICP arriving at exchanges on each calendar day, from any source, see Daily Gross Flows below.
Tracking 589 mints ≥ 100 ICP · 405 finalized · 184 still measuring
Per-mint tracking
Where each batch of newly minted ICP went: exchange, institutional, staking, per recipient.
Where new ICP goes
The addresses that received the most newly minted ICP, ranked, with labels where known.
Daily Gross Flows
ICP arriving at labeled exchange, staking, and institutional addresses each day. Independent measured flows, not linked to that day's mints and not a share of them.
1,057,195.74 ICP
Total ICP minted over the 30 days shown.
30,473,528.90 ICP
Gross 48,924,249.66 ICP, of which 18,450,720.75 ICP (37.71%) moved between labeled exchange addresses. Headline is the gross minus that internal movement.
Headline is arrivals from senders outside the labeled exchange set. The internal/external split is measured forward from Sep 21, 2026 only; days before it cannot be corrected. 28 of 28 days in the window are measured.
57,660.51 ICP
ICP arriving at known liquid-staking pool addresses from any sender.
7,836,777.94 ICP
ICP sent to labeled institutional addresses (funds, treasuries). Capital movement between large holders, not a sell signal - distinct from exchange flow.
Days before this line show the minted line only. Exchange, staking, and institutional flows are tracked from 9 Aug 2026 forward, and 9 Aug is a partial day because collection started mid-day. Earlier days were not collected and read as zero, not as no activity.
To-exchange counts transfers to labeled exchange addresses only. ICP reaching an exchange via an unlabeled deposit address is not counted, so this is a lower bound.
Source: ICPulse indexer · /pressure
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