Starknet's STRK token jumped as much as 10% Thursday after developer firm StarkWare agreed to drastically reduce the number of tokens allocated to the team that are scheduled to unlock in April, following heavy criticism from the community.
The statement came after the Ethereum layer-2 project this week airdropped more than 700 million tokens to early users, contributors and other targeted groups, with the additional disclosures that developers and investors might be able to start sell much of their own allocations as early as next month. The market capitalization of the tokens, based on the circulating supply, currently stands around $1.44 billion.
