Why is Story crypto price down today?

IP token continues its decline as initial launch and listing hype slowly dies down.

Story (IP) continues to lose steam following its initial post-launch rally. On Thursday, June 19, the IP crypto price was down 8.74%, contributing to a 35.51% decline over the past 30 days. A combination of broader market sentiment and investor profit-taking is exerting significant bearish pressure on the token.

Crypto markets have been under pressure over the past month, especially since the onset of the Iran-Israel conflict. Still, despite broader headwinds, major crypto assets have shown relative resilience. Bitcoin (BTC) lost 1.2% over that period, while Ethereum (ETH) was up 0.49%. However, this was not so for smaller…

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