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.
986,430.84 ICP
511,998.29 ICP
51.9% of minted
ICP that moved out of the recipient address within 7 days of the mint, to any destination. Measured departure, not attributed sale. Windows that are still open can only add to this figure, so it is a floor.
455,696.69 ICP
46.2% 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.
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: 56,301.60 ICP of 986,430.84 ICP minted
Exchange-attributed flow appears on 2 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 596 mints ≥ 100 ICP · 488 finalized · 108 still measuring
Per-mint tracking
Free during launchWhere each batch of newly minted ICP went: exchange, institutional, staking, per recipient.
| Mint time | Recipient | Minted | To exchange | To institutional | To staking | Left recipient 72h | Status |
|---|---|---|---|---|---|---|---|
| Sep 5, 2026, 16:30:56 | 103.56 | 0.00 | 0.00 | 0.00 | 0.00 | open | |
| Sep 5, 2026, 16:07:44 | 128.65 | 0.00 | 0.00 | 0.00 | 0.00 | open | |
| Sep 5, 2026, 16:06:43 | 122.67 | 0.00 | 0.00 | 0.00 | 0.00 | open | |
| Sep 5, 2026, 15:57:23 | 138.93 | 0.00 | 0.00 | 0.00 | 0.00 | open | |
| Sep 5, 2026, 15:57:00 | 186.17 | 0.00 | 0.00 | 0.00 | 0.00 | open | |
| Sep 5, 2026, 15:56:34 | 207.76 | 0.00 | 0.00 | 0.00 | 0.00 | open | |
| Sep 5, 2026, 15:56:14 | 224.15 | 0.00 | 0.00 | 0.00 | 0.00 | open | |
| Sep 5, 2026, 15:55:53 | 216.85 | 0.00 | 0.00 | 0.00 | 0.00 | open | |
| Sep 5, 2026, 15:55:35 | 230.85 | 0.00 | 0.00 | 0.00 | 0.00 | open | |
| Sep 5, 2026, 15:55:13 | 244.72 | 0.00 | 0.00 | 0.00 | 0.00 | open | |
| Sep 5, 2026, 15:46:44 | 186.89 | 0.00 | 0.00 | 0.00 | 0.00 | open | |
| Sep 5, 2026, 13:31:52 | 136.90 | 0.00 | 0.00 | 0.00 | 0.00 | open | |
| Sep 5, 2026, 12:37:45 | 597.53 | 0.00 | 0.00 | 0.00 | 597.53 | open | |
| Sep 5, 2026, 12:37:45 | 562.09 | 0.00 | 0.00 | 0.00 | 562.09 | open | |
| Sep 5, 2026, 12:37:45 | 214.03 | 0.00 | 0.00 | 0.00 | 214.03 | open |
Per-mint view lists the 100 most recent mints of at least 100 ICP in the 30-day window. Older qualifying mints in the window are not shown. Amounts follow one hop to labeled addresses only and are lower bounds.
Where new ICP goes
Free during launchThe addresses that received the most newly minted ICP, ranked by total received.
| # | Recipient | Label | Received | Mints |
|---|---|---|---|---|
| 1 | reviewed | 430,898.74 | 2 | |
| 2 | reviewed | 316,318.76 | 387 | |
| 3 | unlabeled | 93,958.65 | 30 | |
| 4 | unlabeled | 75,420.65 | 6 | |
| 5 | unlabeled | 58,668.66 | 13 | |
| 6 | unlabeled | 56,000.00 | 4 | |
| 7 | Custody Dinstitutional | 44,691.98 | 5 | |
| 8 | unlabeled | 40,048.47 | 2 | |
| 9 | unlabeled | 40,000.95 | 1 | |
| 10 | unlabeled | 39,000.00 | 1 | |
| 11 | Coinbaseexchange | 34,516.23 | 5 | |
| 12 | unlabeled | 30,995.03 | 2 | |
| 13 | unlabeled | 29,620.08 | 1 | |
| 14 | unlabeled | 28,240.00 | 2 | |
| 15 | unlabeled | 27,787.66 | 2 |
Ranked by total newly minted ICP received, across every mint scan we hold. This is a lifetime total and is not limited to the 30-day window used by the charts above. Observed flows only. reviewed means a person has already examined the address and decided it; it is not a label and says nothing about who controls it. An entry that is neither labeled nor reviewed is a review candidate, not a finding, and no intent is attributed to any address. Coverage: 740 mint scans.
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.
949,686.46 ICP
Total ICP minted since daily-flow tracking began.
31,437,469.92 ICP
ICP sent to labeled exchange addresses. A lower bound - deposit addresses are not labeled. Not linked to minted.
Counts every arrival at a labeled exchange address from any sender, including transfers between two labeled exchange addresses, so it is not a measure of ICP entering exchanges from outside.
106,831.90 ICP
ICP arriving at known liquid-staking pool addresses from any sender. This is a different measurement from the re-staked figure at the top of the page, which counts only ICP returning to a pool from a tracked mint.
5,223,665.68 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: NNS influence indexer /pressure
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