Story (IP) Token Sees Trading Volume Surge Amid Price Decline
Story Protocol's IP token has experienced a dramatic 200% spike in 24-hour trading volume, reaching $64.5 million, while its price simultaneously declined. This divergence suggests potential distribution activity or profit-taking by large holders.
The volume surge indicates heightened market interest, possibly driven by whale activity or new buyers entering the market. However, technical indicators show bearish dominance, with the RSI entering oversold territory.
Such price-volume divergence often precedes significant market moves. Traders are watching closely to determine whether this represents a temporary sell-off or the beginning of a broader trend reversal for the intellectual property-focused token.