Why did the price of IP go up?

Story (IP) increased by 2.36% in the last 24 hours, outperforming the overall crypto market’s modest 0.64% gain. This comes after a turbulent month where the price dropped 27.58%, but recent technical indicators and a token giveaway event have sparked renewed optimism.

1. Bithumb ARIAIP Airdrop – Holders of $IP tokens received free ARIAIP tokens, encouraging short-term buying.
2. Technical Rebound – Key indicators like RSI and MACD suggest momentum is shifting upward.
3. Market Sentiment Shift – A strong rise in altcoin interest (+31.82% Altcoin Season Index weekly) has increased speculative buying.

Deep Dive

1. Bithumb Airdrop Catalyst (Positive Impact)

Overview:
On November 5, Bithumb, a major cryptocurrency exchange, gave away ARIAIP tokens to people holding $IP tokens on their platform. To qualify, users had to hold $IP during a specific snapshot time. This encouraged traders to buy $IP ahead of the snapshot.

Why it matters:
Airdrops like this often create short-term demand because people want to qualify for free tokens or take advantage of price differences. Since $IP’s price had dropped 59% over two months, this event brought fresh buying interest and liquidity.

What to watch:
How ARIAIP performs after it started trading on November 7, and whether demand for $IP stays strong once the airdrop is over.

2. Technical Reversal Signals (Mixed Impact)

Overview:

• MACD Histogram: Recently turned positive (+0.054) for the first time since late October, indicating that the downward momentum is easing.
• RSI (Relative Strength Index): Climbed from an oversold level of 29 to 36.2, showing growing buying interest.
• Price Movement: The price moved back above the 7-day simple moving average (SMA) of $3.73, an important psychological level.

Why it matters:
These technical signals suggest traders see this as a good opportunity to buy after the price tested a key support level at $3.27 on November 6. However, a longer-term resistance level at the 200-day exponential moving average (EMA) of $5.86 still stands in the way.

3. Broader Altcoin Rotation (Positive Impact)

Overview:
The Altcoin Season Index, which measures how much money is moving into smaller cryptocurrencies, jumped 31.82% over the past week. $IP’s trading volume in the last 24 hours ($44.8 million) exceeded its weekly average, showing renewed interest.

Why it matters:
With Bitcoin’s market dominance steady at around 59.31%, investors are shifting focus to undervalued altcoins. $IP’s unique position in AI and intellectual property, combined with a relatively low circulating supply (32%), makes it attractive for higher-risk, higher-reward trading.

Conclusion

The recent price rebound in Story (IP) is driven by a combination of strategic buying ahead of the airdrop, technical signs of recovery, and a broader market trend favoring altcoins. However, challenges remain, including a sharp decline in daily active users (down 88% as of November 6) and unresolved risks in its smart contracts flagged by a recent security audit.

Key point to watch: Can $IP maintain a price above $3.80, which would challenge the recent downtrend? Or will traders take profits after the airdrop, pushing prices lower? Keep an eye on Bithumb’s ARIAIP trading volume for further clues.

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What could affect the price of IP?

Story (IP) faces a mix of factors that could either help it grow or hold it back. On one hand, its AI-driven intellectual property (IP) innovations show promise, but on the other, market doubts and technical risks create challenges.

1. Growing AI Licensing Demand – More companies need clear rights to use data for AI, which could increase Story’s usefulness.
2. Smart Contract Issues – Security problems found in Story’s code could hurt trust if not fixed.
3. Institutional Interest – Grayscale’s Story Trust might bring more investors and liquidity but token unlocks could create selling pressure.

Deep Dive

1. AI & Real-World Adoption (Positive Outlook)

Overview:
Story’s blockchain technology allows for programmable licensing of intellectual property, making it easier to manage rights for AI training data, music royalties, and cultural assets. For example, K-pop IP has been tokenized through the Seoul Exchange. Partnerships with companies like Heritage Distilling, which holds a $320 million IP treasury, and compliance with regulatory security token offerings (STOs) show growing interest from institutional players.

What this means:
As industries like AI and content creation demand more transparent and automated IP management, Story’s platform could see increased use. This would likely boost demand for the $IP token. However, this growth needs to outpace the release of tokens currently locked up (41.6% of tokens vesting over 48 months) to have a strong positive effect on price.

2. Technical & Security Risks (Negative Outlook)

Overview:
A BitsLab audit found several medium and low-level security issues in Story’s smart contracts, such as inconsistencies in data hashing and errors in license ID validation. Additionally, active users have dropped by 88% (according to AMBCrypto), which could discourage developers and businesses from using the platform.

What this means:
If these vulnerabilities aren’t fixed, they could lead to hacks or legal problems, making investors and users wary. This has contributed to a decline in liquidity, with total value locked (TVL) down to $11.25 million as of June 2025. For Story to recover, it needs to address these security concerns and attract more users back to the network.

3. Market Sentiment & Token Unlocks (Mixed Outlook)

Overview:
Grayscale’s Story Trust gives accredited investors a way to invest in $IP tokens, which could increase demand. However, overall market sentiment remains cautious, with the Crypto Fear & Greed Index at 29 (indicating fear). Meanwhile, 75% of Story’s tokens are still locked, and early investors and core team members will continue unlocking tokens through 2029.

What this means:
While institutional investments via Grayscale could help stabilize Story’s price, large token unlocks (like 21.6% going to early backers) might put downward pressure on the price unless there is strong buying interest to absorb the new supply.

Conclusion

Story’s future price depends on how well it can deliver on its AI and IP management goals while managing token unlocks and fixing security issues. Watch the $3.40 price level closely, as it represents Heritage Distilling’s buyback price and a key support point. The big question remains: Will Story turn partnerships like Seoul Exchange into real on-chain revenue, or will token dilution and market skepticism hold it back?

What are people saying about IP?

Story (IP) is caught between big hopes for programmable intellectual property (IP) and worries about upcoming token unlocks. Here’s the quick take:

1. Big potential vs. concerns over token unlocks
2. Nasdaq-listed company’s $80 million buyback boosts optimism
3. “$15/day revenue” meme fuels doubts about valuation
4. MEXC offers zero-fee trading to encourage adoption
5. Co-founder departure rumors met with strong community support

Deep Dive

1. @Paiin_ip: Betting on AI, Real-World Assets (RWA), and IP combo (mixed feelings)

"Story isn’t priced on what it is today. It’s priced on execution before 2026 unlocks crush price."
– @Paiin_ip (1.4K followers · 61.9K likes · 2025-09-27 15:18 UTC)
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What this means: Investors are divided. Story sits at the intersection of AI, real-world assets, and IP, with a fully diluted valuation (FDV) of $8.3 billion. However, 41.6% of tokens held by insiders will unlock by 2026, which could put downward pressure on the price. The recent $82 million buyback and the upcoming release of the IPKit software development kit (SDK) are seen as key events that could make or break the project.

2. @criptofacil: Technical analysis points to 15% downside (bearish)

"Story despenca e pode cair mais 15%" (Story is falling and could drop another 15%)
– @criptofacil (103K followers · 39.6K posts · 2025-09-25 22:07 UTC)
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What this means: Technical chart analysis suggests Story’s price could fall another 15%. Currently, IP trades about 60% below its 2025 high of $14.92, with some analysts watching for support around $3.20, which is roughly 17% below the current price of $3.85.

3. @MEXC_Official: Zero-fee trading promotion (neutral)

"Trade $IP on MEXC with ZERO trading fees"
– @MEXC_Official (1.6M followers · 38.7K posts · 2025-08-21 03:50 UTC)
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What this means: MEXC exchange is encouraging trading of IP tokens by waiving trading fees. This is a neutral move aimed at increasing trading volume amid IP’s high volatility (438% annualized). Daily trading volume is about $43.8 million, down 11% from the previous week.

4. @fineboytunde_: Addressing co-founder exit rumors (bullish)

"Low fees are intentional... building rails for $70T IP economy"
– @fineboytunde (210K followers · 271K posts · 2025-09-03 00:03 UTC)
[View original post](https://x.com/fineboytunde/status/1963030149080682755)
What this means: Supporters push back against fears caused by a co-founder leaving. They highlight Heritage Distilling’s $80 million token purchase and the fact that there are over 250,000 daily transactions with low total fees of $1.90, emphasizing the project’s long-term vision for a $70 trillion IP economy.

5. @cryptothedoggy: Critiquing valuation math (bearish)

"$8.2B FDV vs $15/day revenue = P/E of 1.5M"
– @cryptothedoggy (61.7K followers · 10.5K posts · 2025-08-31 04:00 UTC)
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What this means: Critics argue that Story’s valuation is unrealistic. With a market cap of $1.24 billion and daily revenue of just $15, it would take over 63,000 years to break even at current earnings. However, supporters say this calculation ignores the value of locked tokens and future growth potential.

Conclusion

The outlook for Story (IP) is mixed. It benefits from being an early player in programmable IP but faces concerns about token unlocks and valuation. Institutional interest is growing, with Grayscale launching a trust and companies like Seoul Exchange and Aria investing $100 million in music IP. However, a large token unlock starting in early 2026 ($345 million monthly) could create selling pressure. The upcoming release of the IPKit SDK, expected in November 2025, will be a key indicator of adoption. Success could confirm the AI and IP growth story, while delays might increase downward pressure on the price.

What is the latest news about IP?

Story experiences a sharp drop in users after a security audit but gains momentum through a major token giveaway.

1. User Numbers Drop 88% (November 6, 2025) – Flaws in Story’s smart contracts lead to heavy selling and loss of liquidity.
2. Bithumb ARIAIP Airdrop (November 5, 2025) – Story holders receive ARIAIP tokens, connecting them to a new platform focused on music and IP assets.
3. BitsLab Audit Reveals Vulnerabilities (November 4, 2025) – A medium-risk security issue raises concerns among investors.

In-Depth Look

1. User Numbers Drop 88% (November 6, 2025)

What happened:
The number of daily active users on Story fell dramatically from 13,000 to just 1,600 over three months, hitting the lowest point since August 2025. Investors sold about $810,000 worth of Story’s IP tokens, increasing token supply and draining liquidity. On-chain activity also dropped sharply: daily transactions fell to 303,000, decentralized exchange (DEX) trading volume hit a monthly low of $303,000, and the total value locked (TVL) in the protocol decreased significantly.

Why it matters:
This decline signals a loss of trust in Story’s security and leadership. The lack of a clear response to the audit findings made the situation worse, putting the long-term success of the platform at risk. (AMBCrypto)

2. Bithumb ARIAIP Airdrop (November 5, 2025)

What happened:
Bithumb, South Korea’s largest cryptocurrency exchange, distributed ARIAIP tokens to Story holders based on a snapshot taken on November 5. ARIAIP is the native token of Aria Protocol, a platform built on Story that focuses on tokenizing music and intellectual property assets, including popular artists like BTS and BLACKPINK.

Why it matters:
This event is somewhat positive for Story. It broadens the use cases for Story by linking it to real-world music and IP assets. Bithumb’s reputation could attract new users, but the overall price of Story’s tokens remains under pressure due to ongoing sell-offs. (CoinMarketCap)

3. BitsLab Audit Reveals Vulnerabilities (November 4, 2025)

What happened:
An AI-powered audit by BitsLab found a medium-risk flaw in Story’s license ID validation system, which caused incorrect results for a specific ID (“0”). A minor issue with hash consistency was also identified.

Why it matters:
While this is a negative development in the short term, the issues are fixable. The medium-risk bug could disrupt some integrations but does not put funds at immediate risk. However, Story’s slow response to these findings increased investor anxiety, contributing to a 27% price drop in November. Maintaining technical trust is now a top priority. (CryptoSlate)

Conclusion

Story is facing a trust challenge following the audit but is working to grow its ecosystem through partnerships like the one with Bithumb. Keep an eye on upcoming protocol updates aimed at fixing security issues and on how ARIAIP performs in the market. The key question is whether Story can strengthen its technology while expanding its ecosystem to win back investor confidence.

What is expected in the development of IP?

Story’s roadmap is focused on building AI-friendly intellectual property (IP) infrastructure with three main goals:

1. IP Vault Launch (Late 2025) – A secure way to store sensitive IP data on the blockchain.
2. nPLUG Platform (Q4 2025) – A platform for legally remixing film and music IP, supported by major studio partnerships.
3. Confidential Transactions (2026) – Privacy-focused tools for IP monetization and royalty payments.

Deep Dive

1. IP Vault Launch (Late 2025)

Overview:
The IP Vault is designed to securely store encryption keys for IP assets. This allows controlled access to datasets stored on decentralized networks like IPFS/Shelby. A developer version is expected by late 2025, with full testnet and mainnet releases planned for 2026.

What this means:
This development is positive for $IP because it meets high security standards needed by enterprises, especially for AI training data. For example, Poseidon AI, a project supported by Story, will use the Vault to safely access datasets. One potential challenge is ensuring smooth operation across different blockchain networks.

2. nPLUG Platform (Q4 2025)

Overview:
In partnership with Parasite studio Barunson, Story will launch nPLUG, a platform that allows creators to legally remix film and music IP. It uses programmable licenses to automate royalty payments and track attribution.

What this means:
This is a cautiously optimistic development, targeting South Korea’s $12 billion K-content market. The platform’s success depends on adoption by mainstream creators, but early support from studios like Barunson adds credibility.

3. Confidential Transactions (2026)

Overview:
Story is working with Stanford FDCI on confidential IP transactions, which would allow private royalty payments and licensing agreements.

What this means:
This is a promising long-term feature, as privacy could attract valuable IP owners in fields like patents and biotech. However, the complexity of implementation and potential regulatory challenges are risks to consider.

Conclusion

Story’s roadmap focuses on creating AI-ready IP infrastructure that combines strong security (IP Vault), creative remixing (nPLUG), and privacy (Confidential Transactions). While successful technical execution is key, these efforts align with the growing digitization of the $80 trillion IP market. It will be interesting to see how on-chain IP adoption measures up against token unlocks in 2026.

What updates are there in the IP code base?

Story (IP) has recently rolled out important infrastructure upgrades and security improvements.

1. Core Client Upgrades (August 19, 2025) – Enhanced validator capacity and better compatibility with Ethereum.
2. Mandatory Security Patch (October 23, 2025) – Critical fixes to keep the network stable and secure.

Deep Dive

1. Core Client Upgrades (August 19, 2025)

Overview:
Story’s engineering team released three major updates—named Virgil, Ovid, and Polybius—that improved the system’s API performance, consensus process, and increased the number of validators from 64 to 80.

These updates also added Ethereum’s Pectra-compatible execution layer through the Cosmas release. This means Story can now work smoothly with upcoming Ethereum upgrades like EIPs 7702 (account abstraction), 2537 (precompile upgrades), and 7685 (cross-chain standardization).

What this means:
This is positive news for $IP because it makes the network more secure and allows easier integration with Ethereum-based tools. It also prepares the system for decentralized governance. With more validators, the network can handle more transactions, which is important as Story focuses on AI-powered intellectual property (IP) applications.
(Source)

2. Mandatory Security Patch (October 23, 2025)

Overview:
Version 1.3.3 fixed some undisclosed security issues found in both the Aeneid Testnet and the Mainnet. Validators had to update immediately to avoid being cut off from the network.

This patch came after private testing the week before, but details about the vulnerabilities have not yet been made public.

What this means:
This update is neutral for $IP. While it addresses important security risks, the lack of transparency about the exact problems might cause some users to feel uncertain. Still, the quick response from developers shows they are actively maintaining the network’s safety.
(Source)

Conclusion

Story’s recent updates focus on aligning with Ethereum standards and strengthening validator performance, supporting its vision for AI and IP infrastructure. Security remains a priority, but it will be important to watch how and when vulnerability details are shared.

How will the increased validator capacity affect $IP’s decentralization in Q4 2025?