On August 31, 2025, Story Protocol demonstrated significant growth of 35%, becoming one of the market leaders in the cryptocurrency space due to active institutional actions.
Story Protocol's 35% Surge
Story Protocol emerged as one of the top performers in the cryptocurrency market with a 35% daily increase. This surge was driven by a strategic listing on Upbit and substantial institutional activity.
Impact of Buyback from Heritage Distilling
Heritage Distilling initiated an $82 million buyback in IP tokens, which significantly boosted liquidity and attracted institutional interest. "The recent activity surrounding Story Protocol and the substantial buyback by Heritage Distilling indicates a growing confidence in the value of IP tokens within the digital asset space." CITE_W_A
Upbit Listing and Its Consequences
The listing on Upbit accounted for 30% of daily trading volume, leading to strong participation from both retail and institutional investors. The buyback and listing resulted in a sharp volume increase of 1,890%, but had little impact on Bitcoin and Ethereum.
The rise of Story Protocol and its accompanying actions highlight shifts in the cryptocurrency market, as well as the importance of institutional support in driving liquidity and interest in digital assets.
