Following Storj's bankruptcy announcement, its price has been steadily declining, dropping 15% in 24 hours.

According to BlockBeats, on July 27, HTX market data showed that after Storj announced its bankruptcy, its price continued to decline, dropping 15% in 24 hours.

BlockBeats previously reported that Storj Labs, the parent company of the decentralized cloud storage project Storj, announced that it had voluntarily filed for bankruptcy reorganization under Chapter 11 of the U.S. Bankruptcy Code in order to resolve historical debts and continue operations.