After launch, one of the year's most anticipated coin starknet dumped rapidly. There're many negetive sentiment floating around Starknet and the coin itself. But There's also few positive things coming for starknet New projects are building,
🔆 Why People Hating Starknet So Much ?
🔹 Unfairly Distribution of Airdrop : Many People are unhappy about Airdrop distribution. People complaining on social media about it and it creates a heavy negetive sentiment around it.
🔸Previous sour relationship with Airdrop hunter : One of Starknet Key member called Airdrop Hunters E-Beggoors. This was very disrespectful towards the beta testers and project contributors.
🔹High FDV : With 10B token in total starknet will have a bigger Full Diluted valuation than prominent projects like Arbitrium and Matic.
🔸1.3 Billion Token Unlock For Early Investors And Team only after 2 months of launch. And that decision mainly creates many questions among retail investors.
These Things Caused a bigger Dip in Starknet Price. The coin Dipped About 1.6$
✴️ Upcoming Starknet Development
🔸Ethereum Dencun Upgrade + New coin + Low float + zk-Rollup first mover.
Learn About Ethereum Dencun Upgrade
🔹No unlock until April, and a relatively low market cap when compared to competitors.
🔸 Starknet ecosystem projects are about to launch.
🦠 Starknet Unlock Schedule
StarkNet (STRK) token unlocks and vesting schedule:
🔹Initial Distribution:
StarkNet’s total supply consists of 10 billion STRK tokens. The initial allocation is distributed across various categories:
Early Contributors: 20.1%
Investors: 18.2%
Grants: 12.9%
StarkWare: 10.8%
Foundation Strategic Reserves: 10%
Community Rebates: 9%
Foundation Treasury: 8.1%
Community Provisions: 7.2%
Donations: 2%
🔸Unlock Schedule:
Initially, there was a plan to unlock 13.4% (1.34 billion tokens). However, this has been revised.
The new schedule unlocks 0.64% (64 million tokens) on April 15, 2024.
🔹Next Unlock Event:
The upcoming unlock event is scheduled for April 14, 2024, where 63.99 million STRK tokens (0.64% of the total supply) will be unlocked1.
This adjustment was made in response to community feedback and aims to ensure a gradual and controlled release of tokens.
⚡ Chart Analysis
We can see starknet is Breaking out of a Accumulation Box ( Though the time Frame is only 2 weeks) in 1HTF.
©𝑻𝒉𝒊𝒔 𝒂𝒓𝒕𝒊𝒄𝒍𝒆 𝒊𝒔 𝒇𝒐𝒓 𝒊𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 𝒐𝒏𝒍𝒚 𝒂𝒏𝒅 𝒏𝒐𝒕 𝒂𝒏 𝒆𝒏𝒅𝒐𝒓𝒔𝒆𝒎𝒆𝒏𝒕 𝒐𝒇 𝒂𝒏𝒚 𝒑𝒓𝒐𝒋𝒆𝒄𝒕 𝒐𝒓 𝒆𝒏𝒕𝒊𝒕𝒚. 𝑻𝒉𝒆 𝒏𝒂𝒎𝒆𝒔 𝒎𝒆𝒏𝒕𝒊𝒐𝒏𝒆𝒅 𝒂𝒓𝒆 𝒏𝒐𝒕 𝒓𝒆𝒍𝒂𝒕𝒆𝒅 𝒕𝒐 𝒖𝒔. 𝑾𝒆 𝒂𝒓𝒆 𝒏𝒐𝒕 𝒍𝒊𝒂𝒃𝒍𝒆 𝒇𝒐𝒓 𝒂𝒏𝒚 𝒍𝒐𝒔𝒔𝒆𝒔 𝒇𝒓𝒐𝒎 𝒊𝒏𝒗𝒆𝒔𝒕𝒊𝒏𝒈 𝒃𝒂𝒔𝒆𝒅 𝒐𝒏 𝒕𝒉𝒊𝒔 𝒂𝒓𝒕𝒊𝒄𝒍𝒆. 𝑻𝒉𝒊𝒔 𝒊𝒔 𝒏𝒐𝒕 𝒇𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝒂𝒅𝒗𝒊𝒄𝒆. 𝑻𝒉𝒊𝒔 𝒅𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓 𝒑𝒓𝒐𝒕𝒆𝒄𝒕𝒔 𝒃𝒐𝒕𝒉 𝒚𝒐𝒖 𝒂𝒏𝒅 𝒖𝒔.
⚡ 𝗠𝗼𝗿𝗲 𝗔𝗹𝗽𝗵𝗮, 𝗝𝗼𝗶𝗻 𝗨𝘀, 𝗙𝗼𝗹𝗹𝗼𝘄 𝗨𝘀, 𝗦𝗵𝗮𝗿𝗲 𝗨𝘀 ⚡ @Techandtips123
