IP crypto surges over 80% following multiple CEX listings, What is IP?
IP crypto surged by as a lot as 81.4% previously 24 hours of buying and selling after the challenge secured listings on a number of exchanges following its Layer-1 mainnet launch.
In line with knowledge from CoinGecko, Story’s token rose to an intraday excessive of $2.16 on Feb. 14, with its market cap standing at $456 million. The rally was accompanied by an enormous surge in demand and exercise, with its day by day buying and selling quantity hovering by over 400,000% to hover round $347 million.
IP was one of many best-performing belongings within the crypto market on the day and was trending on Coingecko when writing.
Many of the good points seen over the previous day got here after the challenge formally launched its public mainnet after a virtually six-month testnet part.
The occasion coincided with the Token Generation Event for its native token, Story tickered IP, which noticed over 1 billion tokens enter circulation as a part of its preliminary distribution. Stories point out that 25% of the preliminary 1 billion IP provide has been unlocked, with 58.4% allotted to ecosystem improvement, the group, the muse, and preliminary incentive applications.
Following the mainnet launch, IP secured listings on a number of top-tier centralized exchanges, together with Coinbase, OKX, KuCoin, Bybit, Bitget, and Bithumb. Most just lately, Binance introduced the itemizing of the IP/USDT perpetual contract with as much as 25x leverage.
The open curiosity within the IP futures market has additionally surged from $92.2k to over $90 million previously 24 hours, per CoinGlass data.
What’s Story Protocol?
Story Protocol is a Layer-1 blockchain designed to revolutionize the $61 trillion mental property market by offering a programmable and decentralized framework for managing, buying and selling, and monetizing artistic belongings.
At its core, the community permits IP holders—together with creators, manufacturers, and AI-driven merchandise—to register, tokenize, and govern their digital content material on-chain. Customers can set customized guidelines for licensing, modification, and monetization.
The protocol is powered by the IP token, which is able to function the ecosystem’s forex for transactions, governance, and creator rewards. Builders can construct on the community, enabling purposes resembling AI instruments, licensing platforms, and decentralized IP marketplaces.
Story Protocol has raised $140 million from traders like a16z and Samsung Subsequent.
