Has ’Buy the Rumour, Sell the News’ Crashed Story (IP) After Its Rally?
Story (IP) has abruptly reversed course following a sharp rally, leaving traders scrambling. The timing is telling—the downturn coincided precisely with the closure of a catalyst window that had previously fueled gains. This pattern echoes the crypto market's notorious 'buy the rumour, sell the news' dynamic, where assets frequently peak ahead of major events only to tumble post-announcement.
The token now faces a critical juncture. At $2.36, IP has shed 31% in 24 hours, with market capitalization and trading volume both contracting nearly 30%. Such violent mean reversion suggests either healthy profit-taking after an overheated move or the beginning of something more sinister. Market observers note three likely culprits: speculative unwind, Leveraged long liquidations, and looming token unlock concerns.
