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Starknet Token Launch Left in Mystery As Whale Receives Mammoth Airdrop
STRK token saw a $3 million airdrop consolidated into a single wallet.
STRK dipped to $3.50, experiencing a 13.69% decrease.
Starknet’s token boasts a $1.58 billion 24-hour trading volume.
Lookonchain shared, in an X post, that an anonymous wallet received an airdrop worth $3 million via 1,361 wallets. Specifically, the airdrop featured 1.432 million STRK, the native token for the Ethereum layer-2 scaling solution Starknet.
It seems that someone received an #airdrop of 1,432,800 $STRK ($3M) via 1,361 wallets!The 1,361 wallets transferred $STRK to wallet"0x027c…9078" after claiming the #airdrop.https://t.co/xTUBOqB5Pr pic.twitter.com/XVGtAaUxjr
— Lookonchain (@lookonchain) February 21, 2024
According to reports, Starknet commenced distributing 700 million tokens to approximately 1.3 million addresses as it marked the airdrop’s official launch. The token distribution plan allocates 50.1% to the Starknet Foundation for community programs, 24.68% to early contributors, and 32% to StarkWare employees and partners.
STRK, touted as the “largest airdrop of the year,” began trading at $5 on crypto exchange KuCoin but has since dipped to $3.50, showcasing early price swings. With an initial total supply of 10 billion tokens, reports claimed that the fully diluted value reached $35 billion, while the current market cap stands at $2.32 billion.
As of February 21, STRK has experienced a significant 13.69% decrease in trading in the past 24 hours, with the current price standing at $2.03. Despite this dip in value, STRK maintained a 24-hour trading volume of $1.58 billion.
CoinMarketCap’s data showed that STRK has a market cap of $1.48 billion and 728 million STRK tokens in circulation. Moreover, tokens in circulation represented 7.28% of the total supply, which is capped at 10 billion tokens.
The post Starknet Token Launch Left in Mystery as Whale Receives Mammoth Airdrop appeared first on Coin Edition.
STRK dipped to $3.50, experiencing a 13.69% decrease.
Starknet’s token boasts a $1.58 billion 24-hour trading volume.
Lookonchain shared, in an X post, that an anonymous wallet received an airdrop worth $3 million via 1,361 wallets. Specifically, the airdrop featured 1.432 million STRK, the native token for the Ethereum layer-2 scaling solution Starknet.
It seems that someone received an #airdrop of 1,432,800 $STRK ($3M) via 1,361 wallets!The 1,361 wallets transferred $STRK to wallet"0x027c…9078" after claiming the #airdrop.https://t.co/xTUBOqB5Pr pic.twitter.com/XVGtAaUxjr
— Lookonchain (@lookonchain) February 21, 2024
According to reports, Starknet commenced distributing 700 million tokens to approximately 1.3 million addresses as it marked the airdrop’s official launch. The token distribution plan allocates 50.1% to the Starknet Foundation for community programs, 24.68% to early contributors, and 32% to StarkWare employees and partners.
STRK, touted as the “largest airdrop of the year,” began trading at $5 on crypto exchange KuCoin but has since dipped to $3.50, showcasing early price swings. With an initial total supply of 10 billion tokens, reports claimed that the fully diluted value reached $35 billion, while the current market cap stands at $2.32 billion.
As of February 21, STRK has experienced a significant 13.69% decrease in trading in the past 24 hours, with the current price standing at $2.03. Despite this dip in value, STRK maintained a 24-hour trading volume of $1.58 billion.
CoinMarketCap’s data showed that STRK has a market cap of $1.48 billion and 728 million STRK tokens in circulation. Moreover, tokens in circulation represented 7.28% of the total supply, which is capped at 10 billion tokens.
The post Starknet Token Launch Left in Mystery as Whale Receives Mammoth Airdrop appeared first on Coin Edition.
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