There isn’t much positivity going around in crypto right now. It’s been a tough few weeks across the market, led by Bitcoin (BTC) dropping to levels it hasn’t seen since November 2024.
While BTC continues to free fall, where it is currently sitting at around $86,000, one project having success in recent times, is Story (IP).
꧁IP꧂ is for everyone.
For those new to Story, we welcome you with open arms
Here's everything you need to know ↴ pic.twitter.com/Kicv9JpAIa
— Story (꧁IP꧂) (@StoryProtocol) February 21, 2025
IP Launched Two Weeks Ago Today And Is Up Around 500% In That Time
Story (IP) is currently trading for around $6.2, up nearly 100% on the week and 500% since it launched on February 13.
Those smart traders who bought into Story’s post-launch price dip to the low $1 range would still enjoy huge gains in an otherwise red market.
Yesterday (February 26), IP briefly touched an all-time high of $7.3 before cooling off. According to CoinGecko, it is currently 6.8% down from those levels.
CoinGecko shows the IP market cap at around $1.55 billion with its circulating supply and just over $6.2 billion on a fully diluted basis.
Its early price action suggests that IP could be one of 2025’s biggest success stories. It has a lot of momentum behind it during a rough period in the overall market. Its initial post-launch price dip was likely a result of airdrop recipients taking profits, a fairly standard process.
The super-quick recovery and subsequent 500% move upward in just two weeks since then highlights the strength of the project and the demand for the IP token.
IP has processed over $800 million in trading volume in the past day, a huge feat for such a newly-launched project. This is even more impressive when considering that Story does not have a Binance listing yet.
It is currently available on the other big hitters such as Coinbase, Bybit and OKX but a Binance listing would surely take IP to the next level, something to watch for in the coming weeks.
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What Is Stor,y And Why Is There So Much Hype Behind It?
If I had to pick one obvious play here, it would definitely be @StoryProtocol $IP
The thesis is simple: Every cycle, there’s always an @a16zcrypto-backed L1 that outperforms everything.
For example:
▸ $SOL in 2021 – a16z was the lead investor.
▸ $SUI in 2023 – a16z led two… pic.twitter.com/Imc6WqrHMg— Axel Bitblaze 🪓 (@Axel_bitblaze69) February 26, 2025
Story is an innovative new Layer-1 blockchain with a focus on revolutionizing the intellectual property market by bringing it on-chain.
It is well on its way to becoming one of 2025’s biggest crypto launches. Story made waves when it announced a $134 million funding round from leading VC investment firms including a16z.
There is a fast-growing ecosystem behind Story, with dozens of creative protocols already live on its main net, and many more on the way.
The strength shown by IP amid a wider, bloody market is leading many to believe it could be setting up for a huge rally one Bitcoin breaks out of its current downtrend.
Many believe that the huge investment from a16z bodes well for the Story project. a16z were one of the leading investors of SOL in 2021 and SUI in 2023, both huge successes for the firm.
If IP continues to build on its early traction, as a first mover in a market that could be worth trillions in the years to come, then a massive pump could be on the cards.
BONUS: BTC Bull (BTCBULL) Nears $3 Million In Presale Funding As Investors Want A Slice Of The Upcoming BTC Airdrops
BTC Bull Token ($BTCBULL) continues to go from strength to strength, reaching a new presale milestone just yesterday. It has now raised over $2.9 million as it edges ever closer to $3 million.
Despite a turbulent market that has seen BTC slip even further, currently sitting at around $86,500, BTCBULL continues to see near six-figure daily inflows.
Presale investors continue to back the project in spades due to its BTC airdrop mechanics, offering native Bitcoin airdrops to holders of BTCBULL.
The airdrop utility built by the BTC Bull teams works so that whenever Bitcoin reaches a key price milestone, BTCBULL holders receive Bitcoin airdrops. The BTC airdrops will be more heavily weighted the bigger your bag of BTCBULL, so it pays to stack as much BTCBULL as possible.
BTC Bull’s team has set the airdrops to start at $150,000 per Bitcoin and repeat at every $50,000 interval, meaning the following drop will occur at $200,000, $250,000, and so on.
Stay updated and connect with the rapidly growing BTC Bull Token community on X and Telegram.
Visit The BTC Bull Presale Website Today
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Story (IP) is one of the only green charts in crypto right now; what is it and why?
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