Disastrous Downturn or Whale Waltz? Why $47M Changed Everything for Story Protocol

Of course, as in any small Russian town, the people with real money strolled onto stage. Trading volume burst upwards by 118%—an outburst rarely seen outside of marriage proposals or vodka shortages. According to Lookonchain, which sees all but tells little, on June 23 two anonymous whales decided, in their infinite wisdom, to buy 16 million IP tokens for $47.5 million. Is it investing, or just boredom at its most expensive? Only the whales know.