#StarkNet , one of the most hyped projects of 2024, recently got listed on multiple Tier 1 #Crypto exchanges.
➬ But the #strkairdrop token dumped 77% after listing, if you will consider the peak price from Binance.
What is StarkNet?
➬ #StarkNet is a permissionless decentralized Layer 2 (L2) validity rollup, built to allow Ethereum to scale via cryptographic protocols called STARKs, without compromising Ethereum’s core principles of decentralization, transparency, inclusivity, and security.
What is the reason behind this dump?
➬ The price was reportedly influenced by #Ethereum infrastructure firm Nethermind and airdrop farmers dumping millions worth of the token.
Network Activity
➬ It also saw a 90% decline in its user count within a week.
➬ The user count falls from 226,000 to 25,000 by February 20, 2024.
➬ Average Fees: 0.55
➬ TPS (Transactions Per Second): 14.66, Peak TPS: 43
Token Stats
➬ When it got launch on binance at its peak price, its FDV was $77 billion , currently its FDV is $18.5 billion.
➬ Market Cap: $1,346,790,833
➬ 7.28% of its total supply is in the market.
$STRK
