Internet Computer’s (ICP) token has experienced a remarkable rally, defying the broader crypto market downturn and surging over 8% to reach $5.66. This surge is fueled by excitement surrounding the new AI-powered platform, Caffeine, which was recently unveiled by Dfinity Foundation. The platform promises to revolutionize blockchain development, allowing users to create applications in real-time using natural language conversations, regardless of programming experience. This has sparked renewed investor interest, particularly among large holders, who have been accumulating ICP, driving the price higher and attracting retail investors to follow suit. Data from Santiment indicates a notable rise in whale accumulation of ICP, with wallets holding between 1,000 to 1 million tokens showing increased activity. ICP’s recent gains come as the crypto market experiences a slide, with the total market capitalization falling 2.2% to $3.4 trillion over the past 24 hours. The platform is set to launch in its public beta version within the next month and has been praised for its ease of use. The ICP token has broken out of a multi-month descending trendline on the 1-day USDT chart, signaling a potential shift in momentum, while also moving above the upper boundary of a descending channel pattern, adding further signs of bullish reversal. The recent gains have led to the token’s price surpassing its 50-day simple moving average, which further supports this bullish trend.