- The Story (IP) token plunged sharply, touching a low of $7.13 on Friday as profit-taking intensified.
- IP fell as selling pressure wiped out millions of dollars in positions across the market.
- Analysts say Story’s strong traction as a platform for real-world asset IP could help the IP price rebound.
Story (IP), the native token of Story Protocol, has suffered a heavy correction over the past 24 hours.
Down more than 25% in a single day, the IP token has erased most of the gains it recorded when bulls pushed it to a new all-time high earlier this week.
Losses accelerated amid rising selling pressure as profit-taking across the crypto market hit major coins.
IP price plunges amid broad profit-taking
Story is a blockchain focused on intellectual property (IP), built for an AI-native infrastructure addressing an estimated $80 trillion IP asset class.
The protocol’s IP token, which powers a chain designed to tokenize and manage intangible assets—from AI models to creative works—fell roughly 25% over the last 24 hours.
The decline pushed the price down to a low of $7.13, extending the dramatic drop that followed IP’s surge to an all-time high of $14.89.
That represents a decline of more than 51% from its peak.
Bullish sentiment had been driven by Story Protocol’s innovative approach to programmable IP licensing and its integrations with decentralized applications.
However, with Bitcoin and several large altcoins under selling pressure, IP has given back the majority of its recent gains.
CoinMarket data shows trading volume jumped about 41% to more than $361 million in the past 24 hours, signaling a rush of sell orders.
The sell-off has intensified concerns that the IP-focused blockchain platform could face further downside pressure.
At the time of writing, Story trades near $7.20, with bears erasing roughly 30% of IP’s value over the past week.
Although Story Protocol is notable for its RWA (real-world assets) approach, it is still vulnerable to the same macro and market headwinds affecting many cryptocurrencies, including a broader risk-off environment.
Why analysts remain bullish on Story (IP)
Despite the turbulence, several observers point to the protocol’s underlying strengths. Story Protocol’s recent tokenization of high-profile IP demonstrates tangible real-world utility.
Major partnerships and integrations have signaled traction and growing institutional interest amid rising adoption of AI and blockchain technologies, forming the basis of a bullish outlook.
As the RWA market takes shape, the platform’s focus on the multi-trillion-dollar IP sector could give it a structural advantage.
“At its core, Story is the only blockchain purpose-built to make IP programmable, traceable, and revenue-generating in real time at global scale,” the Story team said after the mainnet launch.
Traditional blockchains can represent static ownership, but they cannot natively embed dynamic, programmable licensing terms, the team added.
Crypto analysts have also noted Grayscale’s launch of a Story Trust as a potential catalyst for IP demand, suggesting that ETF-like structures and institutional interest could be important drivers.
Technically, holding above $6.00 and mounting a successful rebound toward $10 would keep bullish momentum intact. Conversely, a break below this key support zone could open the way for sellers to target the $3.20 area.