Recent events in the Middle East, particularly the US attack on Iran, have led to escalating tensions in the region and significant fluctuations in the cryptocurrency market.
Escalating Tensions in the Middle East
Immediately following the US attack on Iran, the Iranian Parliament approved a bill to close the strategically important Strait of Hormuz. These events have heightened geopolitical risks, negatively impacting the prices of leading cryptocurrencies such as Bitcoin and Ethereum.
Surge of Story (IP)
Amid the overall market decline, Story (IP) saw a notable surge. According to data, this blockchain-based project linked to intellectual property rose by more than 10%. Following an announcement on X, interest in Story (IP) began to grow, further contributing to its price increase.
Whale Interest Increases
The rise in Story (IP) has attracted the attention of major investors. Lookonchain reports that two whales have accumulated $47.5 million worth of IP in recent days. One whale bought $17.8 million worth, while another purchased $29.7 million. Story (IP) continues to trade at $3, up over 10% in the last 24 hours.
Thus, against the backdrop of growing global tensions and declines in major cryptocurrencies, Story (IP) stands out with its growth and the interest from large investors.
