๐ ๐ช๐ต๐ฎ๐น๐ฒ๐ ๐๐๐ $๐ฐ๐ณ๐ ๐ถ๐ป $๐๐ฃ ๐ง๐ผ๐ธ๐ฒ๐ป๐, ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐๐๐บ๐ฝ๐ ๐๐ผ $๐ฏ+
The price of Story Protocol (IP) jumped over 15% in the past 24 hours, now trading above $3, as crypto whales moved in with massive buys worth $47.5 million.
๐ณ Big Players Load Up on IP
๐ According to Lookonchain:
Whale 0x9921 bought 6 million IP tokens (~$17.8M)
Whale 0x9057 bought 10 million tokens (~$29.7M)
These purchases happened in multiple transfers, just as Bitcoin bounced back above $101,000 after recent geopolitical-driven lows.
This whale buying hints at strong confidence in IP, especially during a market dip.
๐ Similar Pattern Happened Before
Earlier this year, whales also accumulated millions in IP tokens right before a 40% price pump. That same behavior now has traders speculating another move higher could follow.
๐ Why Traders Are Bullish
IP is now in the top 100 cryptos by market cap (โ $896M).
It focuses on intellectual property (IP rights), a growing use case.
Trading volume is up 100%+, hitting $46M/day.
Open interest has climbed to $71M, signaling active traders are watching.
๐ฎ Whatโs Next for IP Price?
โ If bullish momentum holds, price may test $4.00โ$5.00 range
โ If the market turns, support lies at $2.75 and $2.50
Right now, IP is trading around $3.09. The whale buys and strong volume hint that the bulls might not be done yet.