The biggest crypto exchange in South Korea, Upbit, listed Story (IP) on August 8, triggering a price surge for the digital asset.
Story is an L1 blockchain that was created to serve as the foundation for intellectual property (IP) on the Internet. The network allows creators to register, license, and monetize their IP assets seamlessly, and with the help of blockchain technology, it offers a transparent and efficient framework for IP attribution, licensing, and commercialization.
Story protocol also shared the Upbit listing announcement via X.
Upbit's IP Listing Announcement
In its official notes, the crypto exchange revealed that it planned to open trading for the following pairs at 13:00 KST on the platform:
- IP/KRW
- IP/BTC
- IP/USDT
Following Upbit's listing announcement, IP price surged significantly, reaching a new ATH.
IP Price Trajectory on August 8
Before Upbit's listing announcement, IP was trading at $6.22, and the digital asset had a market cap of more than $1.84 billion. After the crypto exchange revealed its listing notes, IP price spiked by almost 10% in a short amount of time, reaching $6.95 and a market cap of more than $2 billion.
IP continued to surge, hitting a market cap of over $2.06 billion, reaching a new ATH above $6.99 before settling at current levels.
At the moment of writing this article, IP is trading at $6.62 and has a market cap of more than $1.95 billion.
The 24-hour trading volume of IP surpassed $330 million.
Story (IP)'s mainnet went live on February 13 2025, and on the same day, Binance launched futures trading for IP. The crypto exchange launched the IPUSDT Perpetual Contract with up to 25x leverage.
