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Story (IP) price jumps as whales buy 16 million tokens

  • The price of Story (IP) token surged 15% to over $3, driven by Bitcoin's recovery and whale accumulation.
  • Two major whales acquired 16 million IP tokens worth $47.52 million, indicating significant investor interest.
  • Analysts suggest that Story (IP) could retest the $4-$5 supply wall based on current market trends.
  • The surge in IP token price coincided with Bitcoin's rebound from recent lows amid geopolitical tensions.
  • Market sentiment is positive with Bitcoin trading above $101k, supporting Story (IP) price increase.
  • Whale addresses 0x9921 and 0x9057 accumulated 16 million IP tokens worth $47.52 million in recent transactions.
  • Earlier whale activity in IP tokens indicated strategic purchasing during market dips, potentially leading to further gains.
  • Story's focus on intellectual property asset management has fueled investor interest in the top 100 cryptocurrency, valued at $896 million.
  • Forecast suggests IP price could target $4-$5 resistance levels, with potential support at $2.75 and $2.50 in case of a downturn.
  • At the time of writing, Story (IP) price was around $3.09 with daily trading volume surpassing $46 million and open interest over $71 million.

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