IP-USD Down -30% Over 30 Days — AI/IP Sector Is the Sharpest Thematic Underperformer in the Index
Story Protocol (IP-USD) has declined approximately -30% over the trailing 30 days, making it one of the steepest thematic underperformers in the 199-asset index at a time when BTC (+8.3%) and ETH (+10%) are posting positive 30-day returns. The AI/IP narrative that drove the asset's earlier gains appears to have fully unwound, representing a sharp sector-level divergence from the broader market.
Supporting 3 queries
To surface this insight, Baselight ran 3 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.
Conclusion
IP-USD 30d return ≈ -30% (from ~30d-ago close to Apr 18 close); BTC 30d = +8.31%; ETH 30d = +9.98%; SOL 30d = -3.02% (IP-USD underperforms even the weakest major L1 by ~27pp); IP-USD ranks among the bottom performers in the 30d return distribution across the full 199-asset index. First appearance of IP-USD in any recent edition.