Story Protocol’s IP token is up 149% over the last 24 hours to a current price of $6.72, per data from CoinGecko, extending its weekly gains to more than 261% as it climbed inside the top 100 cryptocurrencies by market cap for the first time.
The token, which is now up more than 500% from its all-time low of $1.00, launched last week alongside Story Protocol’s layer-1 mainnet rollout and token airdrop. The token jumped as high as $7.00 on Friday afternoon, marking a new all-time high for IP.
A major price catalyst is not immediately clear, though the platform did unveil further details about its technical roadmap on Thursday. The roadmap indicates that the network is expected to launch the public beta for its IP Portal and decentralized oracle network in Q2.
Story Protocol, which aims to reinvent the $61 trillion IP asset class, put into circulation 25% of its total supply upon launch last week, with at least 50 million tokens available for day-one claiming by early users–now valued around $336 million.
The price surge is accompanied …
