The IP token experienced a volatility of 20% during the trading period from last night to early this morning

2025-04-15 14:28:40
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ChainCatcher news, according to CoinDesk, from last night to early this morning, the IP token of Story Protocol plummeted 20% in a single trading session and retraced all gains within a few hours.

Within four hours, the price of the IP token dropped from nearly $4 to $3.27, and then rebounded to over $4 within a few hours after hitting the day's low. Most of the trading volume during this event was concentrated on major exchanges such as Binance and OKX, with trading volume exceeding $40 million before the crash and reaching $138 million after the rebound.

At that time, the broader cryptocurrency market was relatively stable, with Bitcoin trading at around $84,000, and there was no significant impact on the general trend of altcoins. This made the sudden drop and rebound of the IP token an isolated incident. There were rumors that a large amount of IP tokens, as well as other tokens like MOVE and LAYER, were being sold at a discount through over-the-counter trading. This sparked speculation within the cryptocurrency community about insider trading or coordinated sell-offs. The volatility raised early concerns reminiscent of the Mantra (OM) sell-off event. Previously, on Sunday, Mantra (OM) had plummeted 90% within a few hours.

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