Coinspeaker
Jan 12, 2026
4 0

Story Protocol Token Surges 26% Amid Strong Upbit Trading Volume

The price of Story Protocol's IP token surged over 26% in the past 24 hours, peaking at $2.90, marking its largest intraday increase since October 2025.

  • Current price: $2.75 after a trading volume of nearly $272 million.
  • South Korean exchange Upbit contributed to 45% of this volume.
  • The token is driven primarily by community sentiment and recent engagement campaigns.

IP claims the top slot as highest gaining cryptocurrency by 24-hour price increase. Source: CoinMarketCap.

Community Influence and Technical Analysis

  • Community initiatives include setting standards to reward long-term members or "OGs."
  • Technical analysis indicates a breakout from a downtrend with prices crossing above moving averages.
  • The RSI indicator moved into positive territory, suggesting renewed buying interest.

Story rallied more than 25% over 24 hours to kick off the week | Source: TradingView

Despite the bullish outlook, the sustainability of IP's momentum depends on broader market engagement beyond the current concentration on Upbit. Prices need to break decisively above the $2.60 resistance for confirmation of continued upward movement.