The cryptocurrency IP defied the market downturn and experienced a 16% rally after being listed on Kraken. The coin's market cap reached over $1.3 billion, with a daily trading volume of $151 million. The rally can be attributed to recent developments, including the launch of the IP Portal, integration with the decentralized exchange Orderly, and the growth of its ecosystem through the builder program. On-chain metrics and technical indicators suggest that the gains could continue in the coming days. However, market uncertainty, particularly relating to U.S.-China trade tensions, could impact momentum.



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