Whale Alert 🚨: Massive 3.41 Million STRK Token Sell-off Deepens Market Woes. Crypto Community on Edge. 💥 #TrendingTopic
📢 Exciting news for STRK enthusiasts! 🚀 The developer is shaking things up by adjusting the coin unlock schedule, igniting a new wave of enthusiasm amidst the community.
Starknet's STRK token is on fire with a 10% surge following StarkWare's bold move to significantly reduce the token unlock schedule. This decision, fueled by community feedback, aims to pump up the value as the project evolves.
the driving force behind Starknet, a layer 2 blockchain on Ethereum, has opted to unlock only 0.64% of the initially issued 10 billion tokens on April 15, deviating from the planned 13.4% (1.34 billion tokens). The gradual release will continue monthly until March 15, 2025, escalating to 1.27% (127 million tokens) per month for the subsequent 24 months until March 15, 2027.
Under this revamped unlock plan, 580 million tokens held by early backers and investors will be unleashed by the end of 2024, surpassing the 2 billion tokens anticipated under the previous schedule. An additional 1.4 billion tokens will gradually unlock by the end of 2025, followed by 1.5 billion by the end of 2026, and 380 million by March 15, 2027.
The STRK token market capitalization, currently around $1.44 billion based on circulating supply, is set for an exhilarating journey with these strategic changes. Brace yourselves for a thrilling ride in the world of STRK 🚀🔥
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