Starknet Airdrop Rewards Early ETH Stakers with Millions
The Ethereum layer-2 network, Starknet, recently made waves in the crypto community with its $STRK token airdrop, rewarding those who had staked Ethereum ($ETH) at the time of its snapshot. Airdrops like these allow newly launched cryptocurrency projects to distribute their tokens and establish initial liquidity, while also serving as a marketing tool over the funds being distributed to the wider cryptocurrency community.
- One entity managed to receive over 1.4 million STRK tokens through 1,361 wallets, earning $3 million
- Starknet, a scaling solution, dedicated 728 million STRK tokens for its airdrop campaign
- The layer-2 scaling solution is distributing tokens to around 1.3 million Ethereum wallet addresses and has a total supply of 10 billion tokens. Over 50% of that has been allocated to the Starknet Foundation for airdrops, grants and donations
Millions Earned from Airdrop
Data found that more than one airdrop hunter managed to make millions off of Starknet’s distribution, as another entity made $2.4 million worth of the cryptocurrency by partnering with over 1,800 wallets.
ETH Whale Rapidly Accumulates 54,721 ETH
As CryptoGlobe recently reported, a Ethereum ($ETH) whale has been accumulating the second-largest crptocurrency by market capitalization at a rapid pace, adding a staggering 54,721 ETH, valued at $155.7 million, in just 24 hours.
- The whale’s accumulation began with the acquisition of 32,002 ETH for $90 million, including a swap of 60 million USDT for 21,353 ETH and a withdrawal of 10,649 ETH from leading cryptocurrency exchange Binance
- Following this, the investor bought an additional 22,719 ETH, worth $65.7 million, through further withdrawals and swaps on Binance and 1inch
Hot Take: Great Opportunities in the Airdrop and ETH Whale Accumulation!
The recent moves in the crypto space show that there are significant opportunities for early investors and airdrop hunters to make millions from airdrops and token accumulations.
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