cPen Network Halts INK Token Mining: Price Follow BTC Halving Trend?

The cPen Network just made a big update that could shape the future of both its native $CPEN coin and $INK token. According to the latest announcement, the project has officially reduced the base mining rate from 0.6/hour to 0.3/hour.

Source: X

Although some users might be worried, this action is designed to enhance the long-term tokenomics and overall viability of the platform.

How INK Mining Rate Reduction Will Impact Token Price?

If you've been around crypto long enough, you already understand how big of a deal Bitcoin halvings are. They occur every four years and reduce the BTC block reward by 50%. That is, fewer new bitcoins are produced, making the coin scarcer. And what do people tend to do when something is scarcer? Demand tends to rise—and so does the price.

Below is a concise overview of past Bitcoin halvings by BitBo :

Source: BitBo

2012: BTC increased from ~$12 to $1,100.

2016: BTC went up from ~$650 to $20,000.

2020: BTC went up from ~$8,800 to $69,000.

2024: BTC was ~$63,000 at the halving and today is about $84,697.41 with an all-time high of $109,114.88 in Jan 2025. The next bitcoin halving is expected to happen on April 17, 2028.

Just like Bitcoin, the INK token has now achieved a phase of declining supply flow with the reduced rate of mining. With fewer INK in the market, there is increased demand, which could see its price increase. Going by my individual research and experience with market behavior, I firmly believe that the coin will be listed at a remarkable price, particularly as supply diminishes and user demand rises over time.

How cPen Token Price is Reacting After the Announcement

The announcement of the mining rate cut has already caused a ripple in the market. The $CPEN token jumped over 3.27% in just 24 hours, and at the time of writing, it is trading at $0.0004732. According to TradingView , it touched a 24-hour high of $0.0004915 and a low of $0.0003601, showing high interest and volatility.

Source: TradingView

cPen listed on BitMart (April 10) and WEEX (April 15). These listings gave the token more visibility and brought in new users. While there's no formal announcement yet, the community is abuzz with a possible Binance listing. If materializes, we might witness a blow-up move, maybe taking CPEN price towards $1 in the long term.

Conclusion

In short, cutting back the mining rate of INK might not be a big change, but it has a huge effect on managing supply and driving demand—just how Bitcoin's mechanism operates. It indicates that the project team is considering long-term and would like to guard the value of both INK and CPEN tokens.