🌎 IP Crypto Sees 81% Surge After Mainnet Launch

IP Crypto Sees Massive Surge Following Mainnet Launch and Exchange Listings

IP crypto has experienced a significant price surge, increasing by as much as 81.4% in the past 24 hours of trading. This surge follows the project’s successful mainnet launch and listings on multiple top-tier exchanges.

According to data, Story’s token rose to an intraday high of $2.16 on February 14, with its market capitalization standing at $456 million. The rally was accompanied by a massive surge in demand and activity, with its daily trading volume soaring by over 400,000% to hover around $347 million.

What’s Behind the Surge?

The gains seen over the past day came after the project officially launched its public mainnet after a nearly six-month testnet phase. The event coincided with the Token Generation Event for its native token, Story (IP), which saw over 1 billion tokens enter circulation as part of its initial distribution.

Reports indicate that 25% of the initial 1 billion IP supply has been unlocked, with 58.4% allocated to ecosystem development, the community, the foundation, and initial incentive programs.

Exchange Listings and Market Activity

Following the mainnet launch, IP secured listings on multiple top-tier centralized exchanges, including Coinbase, OKX, KuCoin, Bybit, Bitget, and Bithumb. Most recently, Binance announced the listing of the IP/USDT perpetual contract with up to 25x leverage.

The open interest in the IP futures market has also surged from $92.2k to over $90 million in the past 24 hours.

What is Story Protocol?

Story Protocol is a Layer-1 blockchain designed to revolutionize the $61 trillion intellectual property market by providing a programmable and decentralized framework for managing, trading, and monetizing creative assets.

At its core, the network allows IP holders—including creators, brands, and AI-driven products—to register, tokenize, and govern their digital content on-chain. Users can set custom rules for licensing, modification, and monetization.

The protocol is powered by the IP token, which will serve as the ecosystem’s currency for transactions, governance, and creator rewards. Developers can build on the network, enabling applications such as: