Internet Computer

February 2017

DFINITY seed round closes: approximately CHF 3.9 million raised from ~370 participants at $0.03 per ICP token. This date later becomes legally significant as the start of the securities repose period.

7 February 2018

DFINITY raises $61 million from Andreessen Horowitz and Polychain Capital in a Series A round.

29 August 2018

DFINITY raises additional $102 million in a follow-on round jointly led by Andreessen Horowitz and Polychain Capital, bringing total institutional funding to approximately $164 million.

10 May 2021

Internet Computer Genesis launch. ICP token begins trading on major exchanges, reaching highs above $700 per token and briefly entering the top 3 cryptocurrencies by market cap.

10 May 2021

Arkham Intelligence subsequently identifies approximately 18.9 million ICP tokens transferred from addresses attributed to DFINITY insiders and treasury to exchanges in the weeks following Genesis, worth approximately $3.6 billion at peak prices.

30 June 2021

ICP token has lost approximately 95% of its peak value, falling from above $700 to approximately $28-30. The decline is steeper and faster than any comparable top-100 cryptocurrency in the period.

15 July 2021

First class-action lawsuit filed in California, naming DFINITY USA Research LLC, DFINITY Foundation, Dominic Williams, Andreessen Horowitz, and Polychain Capital as defendants, alleging unregistered securities sales and insider trading.

August 2021

Second class-action lawsuit filed. Roche Freedman LLP files action claiming ICP is an unregistered security and that defendants engaged in market manipulation causing billions of dollars in investor losses.

9 February 2023

Third Amended Class Action Complaint filed in Case No. 21-CIV-03843, continuing allegations of Securities Act violations, market manipulation, and insider selling.

10 February 2025

California Superior Court grants summary judgment in favor of DFINITY Foundation on state-law securities claim, finding DFINITY was not a statutory seller under Section 12(a)(1).

25 March 2025

U.S. District Judge James Donato dismisses the primary federal class-action lawsuit as time-barred under the Securities Exchange Act's three-year statute of repose, ruling the filing came approximately 18 months too late. Underlying fraud claims not adjudicated on the merits. Plaintiffs granted until April 8 to amend.

2026

DFINITY publishes Mission 70 whitepaper proposing to reduce annual ICP inflation from 9.72% to approximately 2.92-5.42% by end of 2026. The proposal passes NNS governance with approximately 53% support.

12 May 2026

ICP trades at approximately $3.20-$3.34, with a market capitalization of approximately $1.76 billion, ranked approximately #52 by market cap — approximately 99.5% below its May 2021 all-time high.