Yeliz Akmaca 
Story (IP) token surged 10.20% in the last 24 hours, reaching $13.60. This movement was supported by both institutional investor interest and a dramatic increase in trading volume. Heritage Distilling used $82 million of its $220 million total investment for a buyback program, limiting token supply and creating upward pressure on the price. Story’s mainnet launch earlier this year enabled on-chain IP registration and programmable licensing, bringing its core functionalities into production.
Technical and Fundamental Factors
The IP/JPY pair began trading on Japan’s largest exchange, Bitbank, on September 10, causing a significant 31% price increase. This boosted liquidity and supported retail investor demand. Institutional confidence also played a key role: Grayscale established an IP-focused trust fund, and Heritage Distilling’s $82 million IP token purchase reinforced investor trust.
Additionally, Story Protocol’s mainnet launch enabled on-chain IP registration and programmable licensing. This development brought core functionalities into production and expanded the addressable global IP economy to approximately $80 trillion, offering long-term revenue opportunities.
Strategic Partnerships and Trading Volume
Story Protocol partnered with Worldcoin to develop a system that verifies IP ownership on the blockchain. This collaboration ensures digital asset security and prepares for the future of AI data utilization. In the last 24 hours, IP token’s trading volume reached $566.36 million. The increased volume contributed to price growth and attracted investor attention. According to CoinMarketCap, the IP/USDT pair on Upbit saw a 24-hour trading volume of approximately $93.25 million.
Conclusion and Future Outlook
Story (IP) token’s 10.20% surge was driven by institutional investment, Bitbank listing, Grayscale fund activity, rising trading volume, strategic partnerships, and the mainnet launch. These developments position Story as a key player in the blockchain-based IP market and enhance long-term revenue opportunities. Traders can leverage this momentum with careful analysis and effective strategies.
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