Story Protocol Jumps 15% as Whale Buys $47M IP Tokens After Platform “Big Things” Tease

On Monday, June 23, 2025, Story Protocol’s native token, IP, saw a strong comeback, jumping 15% to trade just over $3. This rise follows a period during which the price had been dropping. The token’s value increased significantly, with trading volume shooting up 118%.

This, combined with Whales holders purchasing a substantial amount of the token, has sparked considerable discussion about the project’s plans.

Story Protocol (IP) Surges 15%

Data from blockchain analyst Lookonchain, released on the same day, showed that major market players were active. Two primary wallet addresses were identified as having purchased 16 million Story Protocol IP tokens, valued at approximately $47.5 million. One wallet purchased 6 million tokens, while the other acquired a significantly larger amount of 10 million tokens.

The timing of this buying is important because it happened as the market started to stabilize. This stabilization occurred after Bitcoin recovered and remained above the critical $100,000 mark, a level it had briefly fallen below due to concerns about U.S. military actions in Iran.

Even with this recent jump, the IP token’s performance over the past month has been weak, dropping by about 30% and around 16% in the last week.

However, the current buying trend resembles what occurred earlier in the year, when large holders purchased a significant amount, resulting in a 40% price increase. Whether this pattern will happen again depends on what the Story Protocol development team does next. A recent, short message on the project’s social media mentioned “big things” coming, but no specific details have been shared yet.

Story Regains Previous Mainnet’s Launch Surge

Throughout 2025, Story Protocol has made steady progress in building its foundation. The Homer mainnet, launched in February, successfully processed millions of IP registrations. In March, the project released a public test of the IP Portal, an easy-to-use platform designed to help creators register and explore tokenized intellectual property.

The protocol has formed meaningful partnerships further to improve its system, including one with Oxford University to develop AI-agent systems. It has increased its available funds by connecting with Orderly Network.

Moreover, Story Protocol successfully raised $80 million in its Series B funding round, led by the well-known investment firm a16z. The project has welcomed over 100 initiatives, including established groups such as Stanford University and Stability AI.

The post Story Protocol Jumps 15% as Whale Buys $47M IP Tokens After Platform “Big Things” Tease appeared first on Cointab.