IP Crypto (Story Protocol’s native token) skyrocketed by 81.4% in the past 24 hours, fueled by multiple centralized exchange (CEX) listings and the launch of its Layer-1 mainnet.
IP Token Sees Massive Gains Post-Mainnet Launch
According to CoinGecko, IP surged to an intraday high of $2.16 on February 14, pushing its market cap to $456 million. The price rally was driven by an explosive surge in trading volume, which soared over 400,000% to approximately $347 million within a single day.
Following the official Layer-1 public mainnet launch, IP became one of the top-performing assets in the crypto market, trending on CoinGecko as investors rushed to capitalize on the momentum.
The Token Generation Event (TGE) marked the introduction of 1 billion IP tokens into circulation, with 25% of the supply initially unlocked. The remaining 58.4% has been allocated toward ecosystem development, community incentives, and foundation reserves.
IP Secures Multiple High-Profile Exchange Listings
The IP token’s surge was further amplified by listings on leading centralized exchanges (CEXs), including:
- Coinbase
- OKX
- KuCoin
- Bybit
- Bitget
- Bithumb
Adding to the excitement, Binance announced support for the IP/USDT perpetual contract, offering up to 25x leverage, significantly boosting trader participation.
Additionally, open interest in IP futures skyrocketed from $92,200 to over $90 million in just 24 hours, per CoinGlass data, highlighting increased investor confidence.
What is Story Protocol?
Story Protocol is a Layer-1 blockchain network designed to transform the $61 trillion intellectual property (IP) market by offering a decentralized, programmable framework for managing, trading, and monetizing digital assets.
The protocol empowers creators, brands, and AI-driven products by enabling them to register, tokenize, and govern intellectual property (IP) assets on-chain. Users can establish custom rules for licensing, modification, and monetization, streamlining digital content ownership and commercialization.
The IP token serves as the network’s primary currency, facilitating:
- Transactions
- Governance participation
- Creator rewards
Developers can also build on Story Protocol, creating applications such as AI-powered tools, licensing platforms, and decentralized IP marketplaces.
Institutional Backing & Funding
Story Protocol has secured $140 million in funding from top-tier investors, including Andreessen Horowitz (a16z) and Samsung Next, underscoring the project’s strong institutional backing and long-term growth potential.
Final Thoughts
With its Layer-1 mainnet launch, high-profile exchange listings, and soaring market activity, Story Protocol’s IP token has positioned itself as a major player in the blockchain-powered intellectual property space.
As adoption grows and developer activity increases, the IP token could play a crucial role in shaping the future of decentralized content ownership and monetization. 🚀
