Story protocol IP -Token rises 149% per day – a week after the launch

The IP -Token of the Story Protocol has increased by 149% in the last 24 hours to a current price of $ 6.72, per data from Coingecko, which extends the weekly profit to more than 261% while it is the first time in the first Top 100 cryptocurrencies climbed through market capitalization.

The token, which has now risen more than 500% compared to its low point of $ 1.00, was launched last week in addition to the Layer-1 Manet exclusion of the Story Protocol and Token AirDrop. The token jumped as high on Friday afternoon as $ 7.00 and marked a new of all time for IP.

A large price catalyst is not immediately clear, although the platform has revealed further details about it Technical Route Card On Thursday. The route map indicates that the network is expected to launch public beta for its IP portal and decentralized Oracle Network in Q2.

Story Protocol, which aims to reinvent the $ 61 trillion IP activa class, in circulation 25% of its total stock at the launch last week, with at least 50 million tokens available for Day a claim By early users – now about $ 336 million appreciated.

The price increase is accompanied by the accelerating of trade volumes for the IP -token, which, according to Coingecko, shot up to more than $ 1.1 billion in the last 24 hours. On Thursday, the trade volume of the entire day reached only $ 175 million.

Coinglass -Data Shows that Token has also seen a jump of 60% in the last 24 hours, rose to $ 235 million, indicating that more money is gambling on the future price of IP. Open interest refers to the collective value of Futures contracts that have not yet been arranged.

Other popular altcoins, or non-Major Crypto-assets such as Bitcoin and Ethereum, have also seen a leap in volume and price, led by Sonic (s), SEI (SEI) and Celestia (TIA). All three coins have risen by more than 15% in the last 24 hours, so that their prominent colleagues in the process performed better.

Built by PIP Labs, Story Protocol has been launched Public test network In August 2024 after a raise of $ 80 million Series B led by venture capital giant Andreessen Horowitz. The protocol has been increased $ 140 million In total financing to help it again to find out how IP is managed, with a certain eye for the role of AI in the future of intellectual property.

Published by Andrew Hayward