[{"type":"paragraph","children":[{"text":"💥 The Baby Shark token (PINKFONG) went viral on Story Protocol, hitting $500M market cap within hours thanks to KOL hype and Story’s official push. But soon after, price plunged 99%."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"👉 Pinkfong, the Korean company behind Baby Shark, denied any link and warned of legal action, recognizing only BABYSHARK (Solana) and BSU (BNB Chain)."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"⚖️ Issuer IP.World claimed valid licensing through BBF and BSU, but conflicting statements from Pinkfong co-founders exposed off-chain disputes."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"🔍 Bubblemaps flagged insider wallets buying 70M tokens (~7% supply, $35M) at launch."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"📉 Fallout also hit Story’s IP token, dropping from $12.9 → $7.2. The case shows how off-chain IP chaos + on-chain manipulation left retail investors burned—ironically reinforcing the need for transparent on-chain IP management."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":""},{"type":"topic","character":"BabyShark","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"StoryProtocol","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"CryptoNews","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"cryptocurrency","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"JuExchange","children":[{"text":""}]},{"text":" "}]}]