Why did the price of IP fall?
Story (IP) dropped 2.74% in the last 24 hours, underperforming the overall crypto market, which fell 1.76%. This decline is due to sector-specific challenges and investors taking profits.
- Market-wide risk-off mood → $520 million in liquidations hit AI-related tokens like IP the hardest (Crypto.News).
- Doubts about Nasdaq partnership → Crypto.com’s $230 million IP token custody deal didn’t stop the downward trend.
- Technical breakdown → IP’s price fell below important moving averages, showing weak short-term momentum.
Deep Dive
1. AI Token Sell-Off (Negative Impact)
What happened: On November 12, the crypto market saw $520 million in liquidations, with AI-focused tokens like IP dropping 5.5% as investors moved away from riskier assets. This coincided with a 7% drop in Nvidia shares after SoftBank sold its stake, showing how AI sector news affects multiple markets.
What it means: Since Story (IP) is tied to the AI sector, it’s vulnerable when investors shift away from AI-related assets. The token’s 39% drop over the past 30 days suggests traders are choosing to keep cash on hand rather than betting long-term amid economic uncertainty.
2. Institutional Partnership’s Limited Impact (Mixed)
What happened: On November 11, Nasdaq-listed IP Strategy teamed up with Crypto.com to manage custody of $230 million worth of IP tokens. Despite this, IP’s price fell 6.8% after the announcement.
What it means: While institutional partnerships usually signal positive momentum, the market likely expected this news already (CoinMarketCap). Also, the large custody deal raised concerns that institutions might sell off tokens, adding downward pressure.
3. Technical Downtrend Confirmed (Negative)
What happened: IP’s price dropped below its 7-day simple moving average (SMA) of $3.70 and 30-day SMA of $4.84. The Relative Strength Index (RSI) is at 32.75, close to oversold levels.
What it means: Falling below the $3.70 support level suggests automated trading systems may be pushing the price lower. However, the MACD indicator shows a slight positive signal (+0.074), which could mean the price might stabilize soon.
Conclusion
Story’s recent decline is driven by both overall market caution and specific challenges facing the project. Technical indicators and sector rotation have a stronger influence than the institutional partnership news. While the token is oversold and might bounce back, a sustained recovery will likely depend on broader market improvements and clear signs of Story’s growing use on its blockchain.
Key point to watch: Can IP stay above its November 11 low of $3.27? If it falls below this, losses could speed up toward the psychological $3.00 level.
What could affect the price of IP?
Story (IP) faces a challenging mix of growing institutional interest and risks from token unlocks.
- Institutional Demand Grows – A $230 million partnership with a Nasdaq-listed company adds credibility.
- Token Unlock Risks – 75% of tokens are locked, with a slow release over 48 months that could pressure prices.
- AI Market Impact – Negative sentiment around AI tech could affect Story’s momentum.
Deep Dive
1. Institutional Adoption Momentum (Positive)
Story Protocol recently partnered with Nasdaq-listed IP Strategy (Crypto.com) to manage $230 million worth of $IP tokens. This is the first time a public company has allocated programmable intellectual property assets like this. It follows Grayscale’s launch of a trust in July 2025 aimed at accredited investors.
What this means: Institutional backing can help stabilize demand and reduce selling pressure from retail investors. However, the $IP token price has dropped 37% in the last 30 days, indicating the market is concerned about upcoming token unlocks rather than the long-term value.
2. Token Unlock Schedule (Negative)
Currently, 75% of the total 1 billion $IP tokens are locked. Early Backers (21.6%) and Core Contributors (20%) will have their tokens released gradually over 48 months starting January 2025. Right now, about 323 million tokens are circulating, giving a market cap of $1.23 billion.
What this means: By 2029, $2.4 billion worth of tokens will enter the market. This could put downward pressure on prices unless the platform’s adoption grows enough to absorb the new supply. The slow unlock schedule is similar to what happens with tech stocks after an IPO, creating ongoing selling pressure.
3. AI Sector Contagion Risk (Mixed)
Investor Michael Burry recently placed a $1.1 billion bet against major AI companies (Decrypt), and SoftBank sold its Nvidia shares. These moves have affected crypto tokens linked to AI, including Story, which uses AI in its intellectual property applications.
What this means: Although Story focuses on real-world assets (RWA) rather than pure AI, 42% of its gains in 2025 disappeared after Burry’s bet. Keep an eye on Bitcoin’s market dominance (currently 59.45%)—if Bitcoin rises, investors might pull money out of altcoins like Story.
Conclusion
Story’s future price depends on whether institutional investments can outpace the token unlock schedule and overcome negative AI sector sentiment. A recent $82 million buyback (AnonVee) may help in the short term, but long-term growth will require more IP registrations (currently about 1,600 daily active users). Can Story turn its $61 trillion intellectual property vision into real on-chain activity before token unlocks increase selling pressure?
What are people saying about IP?
Story’s IP is generating a lot of excitement and big bets, but also comes with significant risks. Here’s the latest buzz:
- Big vision – Combining AI and intellectual property (IP) is promising, but some worry about its current value.
- Price swings – The price dropped 15%, signaling potential further declines.
- Revenue concerns – Earning about $15 per day on fees, which feels low compared to its $8.2 billion valuation.
- Institutional support – A large buyback effort aims to counter negative rumors.
Deep Dive
1. @Paiin_ip: Layer-1 IP Project Faces Pressure to Deliver mixed
“Story isn’t priced on what it is today. It’s priced on what it could be if it nails execution before the clock runs out.”
– @Paiin_ip (1.4K followers · 12K impressions · 2025-09-27 15:18 UTC)
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What this means: Opinions are mixed. People are optimistic about the AI and real-world asset (RWA) potential but worried about a large token release (41.6%) scheduled by 2026 and the project’s current low daily revenue ($17–45).
2. @criptofacil: 15% Price Drop Sparks Bearish Warnings bearish
“Story (IP) despenca e pode cair mais 15%” (translation: “Story (IP) plunges and could drop 15% more”).
– @criptofacil (103K followers · 28K impressions · 2025-09-25 22:07 UTC)
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What this means: The technical outlook is negative. The price has fallen 37% over the past month, and analysts expect it might fall further due to low trading volume.
3. @cryptothedoggy: Fee Revenue Reality Check Goes Viral bearish
“$15/day in protocol fees… investors break even in 4525.”
– @cryptothedoggy (61.7K followers · 189K impressions · 2025-08-31 04:00 UTC)
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What this means: This highlights a disconnect between Story’s $8.2 billion fully diluted valuation (FDV) and its very low on-chain revenue, causing skepticism among investors.
4. @fineboytunde_: Buyback Pushes Back Against Negative Sentiment bullish
“Critics laugh at $370 weekly revenue… $80M buyback shows conviction.”
– @fineboytunde (210K followers · 1.2M impressions · 2025-09-03 00:03 UTC)
[View original post](https://x.com/fineboytunde/status/1963030149080682755)
What this means: Supporters argue that low fees are part of a deliberate growth plan. They point to Heritage Distilling’s $82 million buyback at $3.40 per token as a strong sign of confidence.
Conclusion
The overall view on Story (IP) is mixed. On one hand, its AI and IP infrastructure show promise. On the other, upcoming token unlocks in 2026 and low daily revenue raise concerns. Institutional moves like the Seoul Exchange partnership and the $82 million buyback suggest some confidence. The key will be watching how developers respond to the upcoming IPKit SDK launch—if many start using Story’s tools, it could justify the current high valuation. Until then, the project faces a ticking clock.
What is the latest news about IP?
Story is navigating waves of institutional adoption and the ups and downs of AI-related tokens. Here’s a quick summary of the latest developments:
- Market Sell-Off Hits AI Tokens (November 12, 2025) – A $520 million crypto sell-off caused Story to drop 5.5% as investors moved away from riskier assets.
- Nasdaq Company Adopts IP Tokens (November 11, 2025) – IP Strategy, a Nasdaq-listed firm, partnered with Crypto.com to manage $230 million in corporate reserves using IP tokens.
- Launch of Institutional-Grade Custody Services (November 11, 2025) – Crypto.com introduced new staking and trading tools designed for companies managing IP tokens.
Deep Dive
1. Market Sell-Off Hits AI Tokens (November 12, 2025)
What happened:
A large $520 million liquidation in the crypto market caused many AI-focused tokens, including Story, to fall sharply—Story dropped 5.5%. This sell-off was triggered by SoftBank selling $5.8 billion worth of Nvidia shares and political tensions involving accusations of Bitcoin theft, which made investors more cautious.
Why it matters:
Story’s price drop shows it’s closely linked to the performance of AI and tech stocks. Despite this, Story has gained 31% over the past year, indicating it has stronger fundamentals than some competitors. Traders are now watching the $3.50 price level, which acted as support during a market crash in October.
(Source: Crypto.news)
2. Nasdaq Company Adopts IP Tokens (November 11, 2025)
What happened:
IP Strategy, a company listed on Nasdaq, added 52.5 million IP tokens—worth $230 million—to its corporate treasury through Crypto.com. This is the first time a public company has used programmable IP tokens as a main part of its reserves.
Why it matters:
This move boosts the credibility of IP tokens in traditional finance by showing their practical use in managing intellectual property and licensing. It might encourage other companies to diversify their reserves beyond popular cryptocurrencies like Bitcoin and Ethereum. However, IP tokens have dropped 37% in value over the past month, showing that broader economic challenges still affect adoption.
(Source: Coincu)
3. Launch of Institutional-Grade Custody Services (November 11, 2025)
What happened:
Crypto.com launched specialized services for IP tokens, including over-the-counter (OTC) trading desks and compliant staking options. These tools are aimed at companies looking to use blockchain technology for managing their treasury assets.
Why it matters:
This development is a positive step toward wider adoption, as better infrastructure makes it easier for institutions to use IP tokens. However, demand depends heavily on clear regulations. Since October, trading volume for IP tokens has dropped 30%, indicating that many institutions are still cautious despite these new tools.
(Source: Bitcoininfonews)
Conclusion
Story is balancing challenges from a tough market with promising signs of institutional adoption. While volatility in AI tokens continues to weigh on performance, the growing use of IP tokens in real-world corporate treasury management shows the market is maturing beyond just speculation. The big question remains: Will Crypto.com’s new custody solutions speed up corporate investment, or will regulatory uncertainties slow down the “institutional era”?
What is expected in the development of IP?
Story’s roadmap is centered on building AI-focused intellectual property (IP) infrastructure and growing its ecosystem:
- IP Vaults & PoC Protocol V2 (Q1 2026) – Secure, confidential IP storage combined with AI tools.
- Validator Expansion (Q1 2026) – Increasing network nodes to over 80 for better decentralization.
- nPLUG Platform Launch (Q4 2025) – Legal remixing of film and music IP with Barunson Studios.
- Confidential Transactions (Research) – Developing private IP licensing using advanced cryptography.
Deep Dive
1. IP Vaults & PoC Protocol V2 (Q1 2026)
Overview:
IP Vaults will allow creators to securely store sensitive IP data—like unreleased songs or AI training materials—directly on the blockchain. Only authorized users can access this data. Paired with the upgraded Proof-of-Creativity Protocol (PoC Protocol V2), this system aims to automatically split royalties for AI-generated works (Story Network Update).
What this means:
This is a strong positive for Story’s usefulness, as it tackles the risk of IP leaks in AI workflows. However, adoption might be slow at first due to the technical challenges involved.
2. Validator Expansion (Q1 2026)
Overview:
Story plans to grow its network validators from 64 to over 80 nodes. More validators help reduce centralization risks and improve security. This follows successful testing in late 2025 (Story Engineers).
What this means:
This is generally positive for network security, though the upgrade process might temporarily slow down transaction processing.
3. nPLUG Platform Launch (Q4 2025)
Overview:
In partnership with Barunson Studios, the Oscar-winning team behind “Parasite,” Story will launch nPLUG. This platform enables legal remixing of film and music IP into blockchain assets, with automated royalty payments (Crypto Briefing).
What this means:
This move could drive adoption by tapping into South Korea’s $12 billion K-content market. However, legal complexities present execution risks.
4. Confidential Transactions (Research)
Overview:
Story is collaborating with Stanford University to research zero-knowledge proofs, a cryptographic method that allows private IP licensing and payments without revealing sensitive information (Technical Roadmap).
What this means:
This is a promising long-term development that meets enterprise needs for privacy. It won’t impact prices in the short term until it’s implemented after 2026.
Conclusion
Story’s roadmap focuses on building AI-ready IP infrastructure and forming key partnerships like Barunson Studios and Seoul Exchange to secure its role in the $80 trillion IP market. However, with 41.6% of tokens unlocking through 2026 (Paiin.ip), the project needs strong adoption to counteract token dilution. The big question is whether Story’s next phase, emphasizing real-world data integration, will attract enough institutional users to balance selling pressure.
What updates are there in the IP code base?
Story’s software received important security updates and improvements to work better with Ethereum.
- Mandatory Security Patch (October 23, 2025) – Critical fixes and stability improvements for node operators.
- Ethereum Pectra Support (August 19, 2025) – Updated to be compatible with Ethereum’s latest upgrade.
- Client Upgrades & Validator Expansion (August 19, 2025) – Improved system performance, security, and increased the number of validators.
Deep Dive
1. Mandatory Security Patch (October 23, 2025)
Overview: Story version 1.3.3 is a required update that fixes security issues and makes the network more stable. Node operators need to update to avoid problems.
This update came after private fixes were released the week before to address undisclosed security vulnerabilities. The Story team plans to share more details about these fixes soon.
What this means: This is positive news for $IP because better security lowers risks and builds trust, especially for institutional validators. (Source)
2. Ethereum Pectra Support (August 19, 2025)
Overview: The Cosmas release added support for Ethereum’s Pectra upgrade, which includes several technical improvements (EIPs 7702, 2537, 7623, 7685). This update aligns Story’s system with Ethereum’s standards.
It helps Story handle data more efficiently for cross-chain operations while keeping full compatibility with Ethereum’s virtual machine (EVM).
What this means: This is neutral for $IP because it maintains interoperability but doesn’t bring immediate benefits for users beyond giving developers more flexibility. (Source)
3. Client Upgrades & Validator Expansion (August 19, 2025)
Overview: Three major updates (Virgil, Ovid, Polybius) improved how the network reaches consensus, made APIs more responsive, and increased validator slots from 64 to 80.
These changes help decentralize the network by allowing more participants to securely validate transactions.
What this means: This is positive for $IP because having more validators strengthens the network’s security and supports future growth.
Conclusion
Story’s recent updates focus on improving security, aligning with Ethereum, and increasing decentralization—important steps for its AI-driven IP platform. While these changes might not immediately affect the price, they make $IP a stronger and more reliable Layer 1 blockchain. The key question is whether the increase in validators will lead to more activity in the Story ecosystem in the last quarter of 2025.