Sharp Volatility of Story Protocol’s IP Token Sparks Speculation Amid Stable Crypto Market

Jakarta, Pintu News – Story Protocol ‘s IP token experienced a spike in extreme volatility in Monday night’s trading session, catching the attention of global crypto market participants. In the span of just a few hours, the token’s price plummeted from nearly USD 4 (around Rp67,176) to USD 3.27 (around Rp54,963), before eventually recovering and breaking the USD 4 mark again. This price spike came at a time when the crypto market as a whole was relatively stable, making the movement of the IP token an anomaly in itself.

Volatility Surges: From Crash to Flash Recovery

The price movement of the IP token was very fast and striking. Within four hours, the price dropped sharply by 20%, and then fully recovered within the next few hours. The surge in activity occurred mainly on major exchanges such as Binance and OKX Spot, with total trading volume reaching over USD 40 million (approx. IDR 671 billion) before the drop and USD 138 million (approx. IDR 2.31 trillion) after the price recovered.

This incident raised concerns in the crypto community, given that a similar scenario occurred the day before with Mantra’s OM token, which plummeted 90% in a short period of time. However, there were no macro factors or broad market movements that triggered the token’s IP volatility, so the phenomenon was deemed a localized occurrence and not affected by general market trends.

Also Read: Massive Spike! Shiba Inu Burn Rate Up 2000%, Will Prices Soar?

OTC Sales Speculation and Coordinated Activity

One speculation is that there is a massive over-the-counter (OTC) sale of IP tokens at a discounted price. The news circulated on social media, especially on the X platform (formerly Twitter), where it was also mentioned that other tokens such as MOVE and LAYER were also sold in a similar scheme. Some market participants suspected coordinated activity that led to the sudden selling pressure.

Despite this, the data shows that losses in the derivatives market were minimal, amounting to only USD 1.4 million (approximately IDR 23.9 billion) from IP token futures contracts. This indicates that price movements are dominated by spot trading-actualtoken salesand purchases-and not from leveraged or speculative positions.

Story Protocol: IP Tokenization Project on Layer 1 Blockchain

Story Protocol is a Layer 1 blockchain project that focuses on tokenizingintellectual property. The platform allows creators to register, license, and monetize their work directly on the blockchain. With this approach, Story Protocol seeks to bring the creative world into a decentralized and on-chain realm, giving more control to the owners of the works.

While this project has the potential to change the way IP is distributed and protected in the digital age, this extreme IP token price event raises questions regarding the stability and transparency of its ecosystem. The investor community looks forward to further clarification from the development team to explain the factors that caused this volatility, as well as the security measures going forward.

Conclusion

The wild price movements of Story Protocol’s IP tokens are in the spotlight as they occur outside of general market trends and raise concerns about liquidity and unmonitored OTC activity. While the project promises innovation in IP tokenization, short-term stability remains a major concern for investors and the community. This incident is yet another reminder of the importance of transparency and risk management in the fast-changing world of cryptocurrencies.

Also Read: XRP: Key to the Future of Global Financial Infrastructure

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CoinDesk. Story’s IP Swings 20% in Volatile Trading Session. Accessed April 16, 2025.
• Featured Image: Keyring Pro