Upbit accounted for 45% of the token’s $272 million every day quantity as speculative shopping for concentrated in Korea.
Story (IP) rose 25% in 24 hours to achieve $3.14 on Jan. 13
South Korean trade Upbit drove 45% of quantity as buying and selling exercise spiked 400%
A big investor who entered at $1.70 on Jan. 1 now holds $582K in unrealized revenue
Jan. 13 (Crypto-Information.Internet) – Story Protocol’s IP token gained 25% over 24 hours to achieve $3.14 as buying and selling exercise concentrated closely on South Korean exchanges. Story is a blockchain platform that permits creators to register and license mental property on-chain.
The token’s every day buying and selling quantity reached $272 million, with South Korean trade Upbit accounting for 45% of that determine in response to analyst estimates. Quantity elevated roughly 400% in comparison with the day prior to this. IP presently trades 79% beneath its all-time excessive of $14.78 set in September 2025.
What Analysts Are Saying
Analyst @stacy_muur described the concentrated Korean shopping for as a typical sample in short-term speculative exercise reasonably than broader market demand. With restricted buying and selling liquidity, modest shopping for strain can create outsized value strikes.
The analyst famous that momentum indicators confirmed overbought circumstances, with profit-taking doubtless close to $3.20. The evaluation additionally pointed to weak elementary help: Story Protocol generates roughly $27 per day in charges with $4.75 million in deposits, suggesting the worth transfer is speculation-driven reasonably than based mostly on protocol utilization.
Whale Positioning
The rally adopted accumulation by massive buyers earlier in January. On-chain monitoring account @lookonchain reported on Jan. 1 {that a} new pockets deposited $8 million value of stablecoins into derivatives trade Hyperliquid and positioned a $2 million guess on IP value will increase at a median entry of $1.70.
Knowledge from Hyperbot exhibits the identical pockets now holds IP tokens value $1.32 million with unrealized revenue of $582,111. The place has returned 132% since entry.
Broader Market Circumstances
The Worry & Greed Index registered 26, indicating concern within the broader market. Whole crypto market capitalization reached $3.22 trillion, up 1.64% on the day.
Story falls throughout the AI and Sensible Contract Platform classes. The IP sector ranked because the second-best performing class on Jan. 13, gaining 33.42% in response to CoinGecko sector knowledge. The rally prolonged positive aspects from the day prior to this when IP rose 26% on robust Upbit quantity.
