Story Protocol Price Surges Toward New ATH as Upbit Listing and Whale Accumulation Fuel Rally

Whales dive in, exchanges cash in—Story Protocol's token defies gravity.

Another day, another crypto pumped by exchange listings and deep-pocketed speculators. This time it's Story Protocol (STRY) making moves, with its price chart looking like a SpaceX launch trajectory after South Korea's Upbit added trading pairs. The token now flirts with its all-time high as blockchain data shows whales swallowing supply.

The Upbit Effect Strikes Again

When Asia's crypto powerhouse lists an asset, markets listen. STRY's 48-hour volume exploded 300% post-listing, proving exchange politics still move prices faster than actual protocol development. Meanwhile, three fresh wallets accumulated over $2.3M worth of tokens—because nothing says 'decentralization' like a few anon entities controlling the float.

Will the Rally Hold?

Traders eye key resistance levels while critics mutter about vaporware valuations. 'Web3 IP infrastructure' sounds revolutionary until you realize most projects in this space still can't onboard a grandma. But try telling that to the charts—STRY's up 170% since July, because in crypto, narratives trump utility every time.

As the token tests psychological price levels, one thing's clear: In 2025's market, exchange listings and whale games remain the ultimate growth hacks. Just don't ask what happens when the music stops.

Since bottoming at $2.44 on June 19, IP price has gained 173%, with a 30% single-day jump on July 11 — likely driven by two whale wallets (0x385D and 0xE0e6) scooping up a combined 1.67 million IP tokens worth over $7.4 million. That explosive MOVE triggered the EMA bullish crossover, kicking off an accumulation phase that fueled the rally to the current peak.

Further momentum arrived on July 31, when Grayscale unveiled the Grayscale Story Trust, opening institutional channels for IP exposure. The announcement drove IP price to test the $6.60 resistance, but strong sell pressure capped the advance, resulting in a shooting star candle.

ATH or whale dump: what’s next for IP?

Considering those catalysts and the current technical setup, IP price appears poised to make a new ATH, currently trading approximately 8% below the previous ATH of $7.33 reached in February — if it can sustain momentum above the $6.30 breakout zone. However, it appears a bit extended from the 20-day EMA, which may lead to short-term pullbacks or consolidation.

It’s also worth noting that those whales who bought on July 11 are now up 30-40%, so if they are still holding, a sudden dump from them could trigger a sharp pullback or consolidation.