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Grayscale's support for Story Protocol has once again been upgraded. Following its previous inclusion in the holding list, Grayscale recently announced the launch of the Story Trust service, providing investors with a new way to directly purchase the $IP native Token. This move undoubtedly demonstrates Grayscale's high recognition and long-term optimism for the Story Protocol project.
However, market reactions are often unexpected. Experience shows that after the announcement of such significant positive news, the $IP Token price may experience a short-term pullback. This phenomenon is described by industry insiders as 'good news fully released, bad news comes out.' Investors need to remain calm, as this pullback is usually temporary.
In the long run, Grayscale's continued support is likely to bring more attention and liquidity to the $IP Token. Over time, the market is expected to digest this good news, and $IP may break through the current resistance level, starting a new round of upward movement.
For investors interested in the Web3 and NFT sectors, the development trajectory of Story Protocol is worth ongoing attention. Grayscale's deep involvement may indicate that institutional investors' confidence in the project is strengthening. However, the cryptocurrency market has always been highly volatile, so investors should still proceed with caution and comprehensively assess risks and opportunities when making decisions.