$IP
📉 $IP (Story Protocol) Market Single Analysis
Story Protocol ($IP) is currently at a high-stakes crossroads. After a massive drawdown from its late 2025 highs, the token is fighting to establish a new floor amidst a broader market correction.
🔍 Technical Breakdown: The "August Cliff" Strategy
The defining news for right now is the 6-month delay of token unlocks. Originally set for February 2026, the team and investor unlocks have been pushed to August 13, 2026.
Short-Term Impact (Bullish/Neutral): This has prevented a $200M+ "supply overhang" from hitting the market this week. It gives the protocol more time to build actual utility.
Long-Term Risk (Bearish): The "August Cliff" remains a major threat. Unless on-chain revenue (currently very low) grows significantly, the market expects a massive sell-off once those tokens finally unlock
Metric Value Status
Current Price ~$1.36 Testing Critical Support
24h Change -1.88% Consolidation Phase
Fear & Greed 17 (Extreme Fear) Market-wide panic
Key Support $1.30 - $1.35 Must hold to avoid $1.00 retest
Resistance $1.46 - $1.52 Needs a breakout for momentum
Why the Crash?
Macro Pressure: Bitcoin's recent drop to the $70k range has dragged down by over 35% in the last 30 days.
Usage Gap: While has over 20M registrations, actual daily revenue remains embryonic ($100–$600/day). Investors are waiting for the OpenLedger AI licensing partnership to show real numbers.
Liquidation Cascades: Like BTC, saw significant long liquidations this week, forcing the price below the previous $2.00 psychological support.