Story Protocol’s IP Token Jumps 15% Amid Whale Accumulation and Volume Surge
After enduring a multi-day decline, Story Protocol’s IP token has bounced back with a sharp 15% gain, now hovering slightly above the $3 mark.
After enduring a multi-day decline, Story Protocol’s IP token has bounced back with a sharp 15% gain, now hovering slightly above the $3 mark.
The rebound coincides with a dramatic 118% surge in trading volume and fresh whale activity—signs that have reignited speculation about the project’s next strategic move.
According to on-chain data flagged by Lookonchain on June 23, two major wallets snapped up a combined 16 million IP tokens, valued at nearly $47.5 million. One wallet purchased 6 million tokens, while the second acquired 10 million.
The timing of these transactions aligns with broader market stabilization, particularly Bitcoin’s recovery above the $100,000 level after a temporary dip fueled by U.S.-Iran geopolitical tensions.
2 whales have accumulated 16M $IP ($47.52M) recently.
Whale 0x9921 accumulated 6M $IP ($17.82M).
Whale 0x9057 accumulated 10M $IP ($29.7M).
Address: https://t.co/RUC70fNHPq https://t.co/twlDJIAIf0 pic.twitter.com/UuqomX0v7P
— Lookonchain (@lookonchain) June 23, 2025
Despite the latest uptick, IP remains down approximately 30% over the past month and 16% on the week. However, this recent accumulation echoes a pattern observed earlier in the year, when similar whale activity preceded a 40% rally in the token’s price. Whether that trend repeats may depend on the project’s forthcoming developments, hinted at vaguely in a recent social media post promising that “big things” are on the horizon.
Story Protocol has made measurable strides in 2025. Its February launch of the Homer mainnet processed millions of IP registrations, while March saw a public preview of its IP Portal—a platform for discovering and managing tokenized intellectual property. The protocol has also strengthened partnerships, including a collaboration with Oxford University on AI agent frameworks and improved liquidity access through the Orderly Network.
Backing this growth, Story Protocol secured $80 million in Series B funding led by a16z and now boasts over 100 onboarded projects, including academic and AI heavyweights like Stanford and StabilityAI.
Meanwhile, Grayscale Lists Hyperliquid, Grass & Story Protocol in the Top 20 Crypto Assets. Story Protocol had a valuation of $1.5 billion and is innovating in blockchain-based IP rights and AI applications, achieving a remarkable 417.3% volatility rate.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter , LinkedIn , Facebook , Instagram , and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
