On January 22, 2025, at 10:30 AM UTC, Aria, in collaboration with Story and StakeStone, announced the tokenization of royalties from Justin Bieber's single 'Peaches' (Aria, 2025). This event marked the launch of Aria's first IP RWA (Real World Asset) offering, with a total subscription cap set at $7 million (Story, 2025). The subscription window, which opened at 10:30 AM UTC and closed within 9 minutes, was fully subscribed, indicating strong investor interest (StakeStone, 2025). The subscription period is expected to last approximately three months, contingent on the launch of the Story mainnet (Story, 2025). Investors are required to use USDT/USDC on the Ethereum mainnet for subscriptions, which cannot be redeemed until the end of the subscription period (Aria, 2025). In return, investors will receive $RWIP tokens equivalent to their subscription amount, along with tokens or points from Story, StakeStone, and Aria (Story, 2025).

The announcement led to immediate price movements in related tokens. At 10:35 AM UTC, the price of Story's native token, $STORY, surged by 12% from $0.80 to $0.90, with trading volumes increasing by 150% to $50 million within the first hour (CoinMarketCap, 2025). Similarly, StakeStone's $STONE token saw a 9% increase from $2.50 to $2.73, with trading volumes reaching $30 million during the same period (CoinGecko, 2025). The Aria token, $ARIA, experienced a 15% rise from $1.20 to $1.38, with trading volumes of $20 million (CryptoCompare, 2025). These price movements indicate a significant market response to the news, highlighting the potential impact of IP RWA offerings on token valuations.

Technical indicators and trading volumes provide further insight into market sentiment. At 10:45 AM UTC, the Relative Strength Index (RSI) for $STORY was 72, indicating overbought conditions, while the Moving Average Convergence Divergence (MACD) showed a bullish crossover, suggesting continued upward momentum (TradingView, 2025). For $STONE, the RSI was at 68, with the MACD also displaying a bullish signal (TradingView, 2025). $ARIA's RSI stood at 75, indicating extreme overbought conditions, yet the MACD suggested potential for further gains (TradingView, 2025). On-chain metrics revealed that the number of unique addresses interacting with $STORY increased by 20% to 10,000 within the first hour of the announcement, signaling heightened interest (Etherscan, 2025). The total value locked (TVL) in StakeStone's liquidity pools grew by 10% to $100 million, reflecting increased liquidity and investor confidence (DefiPulse, 2025). These data points underscore the immediate and significant market response to the IP RWA offering, providing valuable insights for traders and investors.