Story Protocol (IP) price surged over 35% in 24 hours, driven by an $82M buyback, a new Upbit listing and heavy market-maker support; trading volume jumped 1,890%, signaling strong short-term bullish momentum while on-chain inflows suggest profit-taking risk.
IP climbed 35% with trading volume up 1,890% — clear breakout and strong participation
Heritage Distilling’s $82M buyback and Upbit listing are core catalysts; whales and market makers intensified liquidity.
On-chain data: $2.91M exchange inflows and key liquidation levels at $7.62 and $8.20 highlight both upside and risk.
Story Protocol (IP) price jumps 35% as volume soars 1,890%; read the latest analysis and trading levels — track IP now.
What is driving Story Protocol (IP) price surge?
Story Protocol (IP) price rose sharply after Heritage Distilling executed an $82 million buyback and IP was listed on Upbit, prompting retail and institutional participation. Volume surged 1,890%, and market makers provided tight spreads, supporting the breakout while on-chain inflows indicate profit-taking risk.
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IP’s trading volume spiked 1,890% versus the prior day, confirming broad participation across exchanges. High volume on a breakout suggests conviction among buyers and better order execution from firms such as Wintermute and Selini, though elevated exchange inflows may signal short-term selling pressure.
Heritage Distilling’s reported $82 million buyback at approximately $3.40 created a strong demand floor and signaled institutional conviction. The Upbit listing — contributing roughly 30% of daily volume — broadened market access in Korea, attracting regional liquidity and amplifying price discovery.
Large market makers provided liquidity, tightening spreads and enabling continuous order refilling. Lookonchain reported a whale withdrawal of 433,176 IP (~$3.7M) from Bybit, indicating active large-holder movement that often precedes volatility and trading opportunities.
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Source: https://en.coinotag.com/story-protocol-ip-may-extend-gains-after-35-rally-volume-spike-linked-to-buyback-and-upbit-listing/