Story Protocol’s IP Surges 30% After Treasury Firm Embraces Token

2025-11-08 15:45

Story Protocol’s IP token jumped 30% after Heritage Distilling revealed plans to accumulate reserves, even as questions linger over the project’s leadership changes.

Story Protocol’s native token IP hit an all-time high price of around $11.75, surging 30% after Nasdaq-listed Heritage Distilling announced plans to build significant IP token reserves.

Heritage’s strategy is backed by $220 million in private investment in public equity (PIPE) financing, which included participation from high-profile investors like a16z crypto, Amber Group, Polychain Capital and Cantor Fitzgerald.

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