Story Protocol’s IP Surges 40% Amid Increased Trader Interest
Despite a recent market downturn, two altcoins have shown significant gains:
- Story has risen nearly 40%, outperforming the CoinDesk 20 index, which increased by 5.20%
- Hyperliquid’s HYPE is up 15%
Indicators of demand include:
- A 52% rise in open interest for IP-tracked futures to $162 million
- Story Protocol's acquisition of partial rights to BTS's song "The Truth Untold," which has over 670 million streams
- Hyperliquid's trading volumes exceeding $190 billion in January and $167 billion in February
- Hyperliquid generated $3.5 million on Tuesday and nearly $40 million this month, supporting consistent buying pressure for HYPE
Future dips in these tokens may present profitable opportunities for traders.