DATA Network Token Surges 30% Amid AI-Powered Blockchain Transition

Story Protocol, rebranded to The DATA Foundation, has seen its native token IP surge by over 30% following the transition from a 'tokenized all IP' network to a specifically licensed AI data training blockchain.

This shift into the use of AI globally has sparked a strong increase in trading activity and liquidity, with daily trading volume spiking by almost 3x to around $206 million.

The rebranding has also led to a growth in chain activity, with Daily Transactions rising from 30.83K to 130.58K as of press time, according to the DATA Network explorer.

However, despite the initial price surge, the market remains cautiously bullish, with some analysts suggesting that this may be just another rebranding pump rather than the start of a bigger trend.