IPUSDT
Perp
1.399
-17.21%
$IP -79% from ATH. And the unlocks have not yet begun.
Story Protocol raised $80M from a16z. Launched in February. Soared by 600%.
Now — $2.5. From a peak of $16, only ashes remain.
March 2026 — start of unlocks for early investors and the team. 75% of tokens are still locked. It will be fun.
The protocol generates $15-45 in daily fees. With FDV $8B. Payback period — year 4525. I’m not joking.
Buyback of $82M? A drop in the ocean under such pressure.
The narrative of AI + IP is beautiful. The numbers — not.
Are you buying the story or watching the unlocks finish it off?