Starknet, Ethereum’s Layer-2 Network, Launches Landmark Airdrop
Starknet, Ethereum’s layer-2 network, has launched a significant airdrop, distributing 728 million tokens to 1.3 million addresses. Known as the largest airdrop this year, Starknet’s STRK tokens were trading at $1.80 before the launch on Aevo.
Starknet’s Token Price and Market Cap
After the release, the price of STRK tokens surged to $5 on Kucoin but then settled at $3.50. With a total supply of 10 billion tokens, STRK has a fully diluted value of $35 billion. However, based on the circulating supply and price, the current market cap is $2.32 billion.
Major Industry Players Join Starknet
Several major industry players, such as Amber Group, Wintermute, and Flow Traders have acquired $STRK tokens and deposited them into major exchanges, adding credibility and liquidity to the market.
Starknet Faces User Drop Amid Airdrop Controversies
Despite the airdrop, Starknet’s active user numbers have dropped significantly in the past week due to controversies around the airdrop criteria and token unlock schedule. The total value locked remains at $54.18 million, indicating ongoing market activity and interest.
Conclusion
The STRK token airdrop marked a significant event for Starknet, and as the token gains momentum, market analysts are closely evaluating its trajectory and potential impacts on its future performance.
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