Story (IP) is Up 85% Today. Find Out Why

On Thursday, February 13th, 2025, Story Protocol launched its groundbreaking intellectual property (IP)-focused blockchain and associated $IP token. The token surged over 85% in the last 24 hours following its launch.

The rising field of artificial intelligence necessitates a scalable solution for intellectual property (IP) rights that empowers both IP holders and AI developers. This demand has given rise to Story protocol, a Layer 1 blockchain meticulously designed to revolutionize the $61 trillion IP asset class.

“The launch of our public mainnet marks a pivotal moment, representing the first-ever instantiation of a global, programmable market for intellectual property. Users can now actively engage with the Story ecosystem to access and monetize their IP holdings,” Story Protocol asserted.

With this launch, users can claim $IP tokens through the rewards portal (open for a limited thirty-day period), stake $IP to contribute to network security, and bridge existing assets to the Story network.

$IP Token’s Price Action

The Story Protocol (IP) token has exhibited substantial price fluctuations in the past 24 hours. Trading volume reached $344,781,919, a remarkable 673.90% increase from the previous day, indicating a surge in market activity. This volatility is reflected in both the highs and lows recorded. The current price, approximately $1.90, also reflects a 24% deflation from an earlier point today.

On February 13th, 2025, the token reached its highest price of $2.61. Currently, the price sits 30.49% below this peak. Conversely, a low of $1.00 was observed on February 14th, 2025. The current price stands 81.42% above this intraday low, highlighting the significant price swings.

The market capitalization of Story (IP) is currently $457,760,118, ranking it 173 on CoinGecko. This valuation is based on a circulating supply of 250 million tokens.

$IP Debuts on Top Exchanges

Coinbase will soon list Story Protocol’s $IP tokens, enabling trading (initially IP/USD) later today, pending sufficient liquidity. Trading may be subject to regional restrictions, and Coinbase will initially classify $IP as “Experimental.”

Hyperliquid will also support IP tokens, offering leveraged trading (up to 3x) for both long and short positions.

“This listing does not represent an endorsement of Story Protocol; past performance is not a guarantee of future returns. Users should understand the risks involved and only trade familiar assets.” Hyperliquid said.

Redstone, the Story Protocol’s primary oracle, has deployed its Pull and Push models on the mainnet, improving platform functionality and reliability.

“Accelerating the development and adoption of the Story Protocol are key partnerships with Unleash Protocol, providing on-chain IPFi solutions, and Verio, offering liquid staking for IP assets with their $vIP token,” Redstone says.

The Story Protocol’s foundation rests on tokenized, programmable IP, a library of reusable creative “Story Legos,” and smart contracts ensuring fair creator compensation. Its modular design integrates seamlessly with its Layer 1 blockchain.

What is Story Protocol and its $IP Token?

Story Protocol directly addresses the challenges facing intellectual property management in the digital age. Developed by experts in artificial intelligence, blockchain, and digital media, Story Protocol uses blockchain technology to build a transparent, secure, and efficient IP ecosystem. Its foundation is the $IP token, facilitating transactions, platform governance, and creator empowerment.

Story Protocol leverages the $IP token as its core component. This native currency underpins all on-chain transactions, securing the network and enabling governance. Beyond transactions, $IP empowers creators to register, license, and monetize their IP using blockchain’s immutability and smart contract automation.

Notably, the $IP token boasts enhanced cybersecurity via a Proof-of-Stake (PoS) consensus mechanism, rewarding responsible validators and deterring malicious activity. A total supply of 1 billion $IP tokens is strategically allocated to the ecosystem, early investors, and the core team.