The IP tokens of the history protocol fell 20% and returned especially the movement in terms of Monday night in an unusual negotiation session.
The IP fell from almost $ 4 to $ 3.27 in a period of four hours, returning to more than $ 4 in a couple of hours after reaching the daily minimum. The majority of the negotiation volume during this event was concentrated on the main Binance and OKX Spot exchanges, with more than $ 40 million in negotiation volumes before the fall and $ 138 million after recovery.
The broader cryptographic market was relatively stable at that time, with Bitcoin that quotes around $ 84,000 and without a clear general trend that impacts Altcoins. This caused the sudden fall and recovery of the IP token to stand out as an isolated event.
Rumors circulated that large volumes of IP tokens, along with other tokens such as Move and Layer, were sold at discount prices through OTC agreements. This led to speculation about internal activity or coordinated sale between cryptographic circles in X.
As such, IP follow -up futures showed only $ 1.4 million in cumulative losses amid the price volatility, a very low figure considering the rapid movement and negotiation volumes. This indicates that all commercial activity was dominated by sales and purchases of real points.
The measure led to the first fears of a sale of Mantra (OM), which fell 90% in a matter of hours on Sunday night in a contentious movement whose specific cause is not yet clear as of Tuesday.
Story Protocol is a layer of layers of layer 1 focused on tokenize intellectual property (IP), which allows creators to register, license and monetize their work in the chain.
