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/RUC70fNHPqhttps://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.
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