Add 1 cup water to the Instant Pot and place eggs in the bottom in a single layer. Do not stack eggs on top of each other.
Seal the lid and select manual pressure. Set the timer for 5 minutes. Allow Instant Pot to natural release for 5 minutes, then manually release.
Meanwhile, fill a large bowl with ice and water to cool eggs.
After manually releasing the Instant Pot, immediately place the eggs into the bowl of ice water (add ice and water to cover). Allow to cool for 10 minutes before peeling.
Notes
*A 6-quart Instant Pot holds about 13 eggs. For a smaller or larger Instant Pot, adjust the number of eggs to have a single layer.