South Korean exchange Upbit accounted for 45% of IP’s $272 million trading volume during the rally. The token broke through a prolonged downtrend that started in October 2025, crossing above key moving averages. Story Protocol launched a community engagement campaign to reward long-term holders coinciding with the price surge. The price of Story Protocol’s IP token rose by more than 26% over the previous 24 hours to peak at $2.90, beating the cryptocurrency market and signaling the token’s largest intraday increase since October 2025.
According to data, IP $2.82 24h volatility: 24.9% Market cap: $959.04 M Vol. 24h: $292.89 M. South Korean cryptocurrency exchange Upbit reportedly drove 45% of this volume, propelling an overall bullish sentiment for IP as the second full week of trading for the year gets underway. IP claims the top slot as highest gaining cryptocurrency by 24-hour price increase. From a technical perspective, the daily chart shows IP breaking out of a prolonged downtrend.
The token’s price has crossed above its moving averages, signaling potential trend reversal momentum. The RSI indicator has surged into positive territory after spending months in oversold conditions, reflecting renewed buying pressure. This technical breakout, combined with the price reclaiming the $2.50 support level that held during December 2025, suggests growing momentum, though traders should watch for confirmation of sustained volume above key resistance levels. Story rallied more than 25% over 24 hours to kick off the week.
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