Editor's PiCK
Story (IP) jumps 27% as AI-sector rally draws attention… expectations build for inclusion in U.S. institutional portfolios and a mainnet upgrade
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Summary
- Story (IP) was said to have risen 26.93% day-on-day amid a broad AI-sector rally, ranking third in daily trading volume.
- Indirect exposure to the Story ecosystem drew more attention as IP-related tokens made up 5.3% of the portfolio of Grayscale’s decentralized AI fund in the U.S.
- Story (IP) has broken above its 30-day and 7-day moving averages, with RSI at 79.98 and a bullish MACD turn suggesting buying dominance, though holding above $2.57 remains the key variable.
Amid a broad rally in artificial intelligence (AI)-related sectors, Story (IP) is gaining strength as expectations overlap for inclusion in U.S. institutional portfolios and a mainnet upgrade.
According to CoinMarketCap on the 12th (Korea time), Story (IP) was trading at $2.53, up 26.93% from the previous day. At the same time, on Upbit’s KRW market it rose 8.8% to 3,647 won, and logged the third-largest daily trading volume at 95.8 billion won—behind XRP (Ripple·XRP) and Bitcoin (BTC).
The key driver behind the rally is first being attributed to a recovery in investor sentiment toward the broader AI sector. Story is a project positioning itself as infrastructure that manages and distributes on-chain the intellectual property (IP) rights to content and data generated and used by AI. As the AI-based content industry expands, its theme-stock-like character is being highlighted.
With AI-related tokens such as Render and Virtual posting gains across the crypto market, analysts say Story likewise saw concentrated demand.
Since last year’s announcement of its Chapter 2 roadmap, Story has focused on real-world data IP used for robotics and multi-modal AI (Multi-modal model, AI beyond text such as audio and video). To that end, in the third quarter it launched Poseidon through a subsidiary, aiming to build data IP infrastructure applicable in real industrial settings such as robotics, autonomous driving and industrial automation—drawing attention from major overseas media including Bloomberg.
Another issue has been the rise in indirect exposure to the Story ecosystem within traditional finance. According to materials released on the 6th by Grayscale, the largest U.S. crypto asset manager with about 50 trillion won in assets under management, IP-related tokens are reported to account for about a 5.3% weighting in the portfolio of the Grayscale Decentralized AI Fund it manages.
The upcoming mainnet upgrade scheduled for the 14th is also seen as having had an impact. Through this upgrade, proposals for the Fusaka upgrade that had recently been discussed on the Ethereum (ETH) network will be applied to the Story network as well.
Technical indicators also point to a strong upward trend. Based on CoinMarketCap data, Story (IP) has broken above both the 30-day moving average ($1.78) and the 7-day moving average ($2.09), while RSI (7) stood at 79.98, nearing overbought territory. The MACD also flashed a bullish reversal signal, confirming buying dominance. However, after the sharp short-term surge, whether it can hold above $2.57 on a closing basis is being cited as a key variable for the continuation of the trend.
