ICPSwap has carried out another buyback and burn, removing 1,595,152.07 ICS from circulation, according to transaction records on the Internet Computer dashboard. The burn, dated 20 February 2026, carries an estimated value of about $4,070 at current prices.
The latest transaction was executed through the ICS Buyback and Burn canister, identified on chain as cbkxt-gaaaa-aaaag-qcs4a-cai. Public records show the cumulative number of ICS tokens burned has now reached 28,740,323.85.
Token burns are designed to reduce circulating supply, with the aim of supporting price stability over time. In practice, the impact depends on several factors including trading volumes, broader market sentiment and the overall health of the ecosystem. Supply reduction alone does not guarantee price appreciation, particularly during periods when liquidity across the altcoin market remains tight.
ICPSwap operates within the Internet Computer ecosystem, where decentralised applications and service canisters handle governance, tokenomics and execution on chain. The buyback and burn mechanism is presented as part of its long term economic model, using allocated funds to repurchase tokens before permanently removing them from circulation.
Recent activity shows burn events continuing at a steady pace. While some investors view consistent supply reduction as a positive signal of commitment to token economics, others note that sustainable value creation ultimately depends on user growth, transaction demand and fee generation.
The broader digital asset market has experienced uneven conditions in recent months, with volatility affecting both major tokens and smaller ecosystem projects. In that context, projects using buyback strategies face scrutiny over transparency and funding sources. ICPSwap’s burn records are publicly accessible on chain, allowing participants to verify transactions independently.
Whether continued burns translate into stronger market performance for ICS will likely depend on adoption metrics and overall confidence in the Internet Computer network. For now, the data confirms that the token’s circulating supply continues to shrink, with nearly 28.74 million ICS removed to date.
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