Token buyback and BLACKPINK too?… Story surges in the 32% range

Son Min

Summary

"Story Protocol (IP)" said it showed a surge in the 32% range due to token buyback and expectations of partnerships with major domestic entertainment companies.
The foundation purchased approximately $2,976,175 worth of Story, and said the buyback program, totaling $82 million, will continue until November 16.
AltcoinPedia analyzed that due to institutional buying and the buyback, Story's price could rise to $20 within a few months.

Story Protocol (IP) recorded a surge in the 30% range. It is interpreted as the combined effect of a token buyback conducted by the foundation and expectations of partnerships with major entertainment companies.

On the 31st (local time), according to CoinMarketCap, as of 12:23 PM Story is trading at $7.97, up 32.46% from the previous day. On domestic crypto exchange Bithumb, it jumped 20% from the previous day and was trading at 11,140 won.

The token buyback conducted by the foundation is cited as the cause of Story's surge. Early this morning, Story announced on X (formerly Twitter) that "as part of the token buyback program, it purchased Story worth approximately $2,976,175." The buyback program is about $82 million in size and is scheduled to continue until November 16 (local time) of this year.

Expectations of cooperation with major domestic entertainment companies also had a positive effect. In particular, Story Protocol CEO Lee Seung-yoon raised expectations for a major partnership by releasing a photo with BLACKPINK and Le Sserafim. CEO Lee Seung-yoon said, "At Origin Summit 2025, heavyweights of the K-content industry such as YG Entertainment, HYBE, and Lineage creators will all gather," and added, "An exciting partnership will be coming."

Optimistic forecasts for Story have also emerged. Heritage Distilling, which recently listed on Nasdaq, announced that it is reserving 52,500,000 IP. At the current price, that amounts to approximately $420 million. Crypto news account AltcoinPedia analyzed, "Story Protocol is expected to be bullish due to institutional buying and the token buyback," adding, "It could rise to $20 within a few months."