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StarkWare, the developer behind the Ethereum layer-2 blockchain Starknet, had come under heavy criticism for the unlocking schedule for its new STRK tokens.
Starkware creator StarkNet announced Thursday that it will gradually allocate tokens to contributors and investors following backlash.
Starknet's token (STRK) has faced a significant decline of approxiately 20% over the past week. This drop comes as part of a downward trend in the price of $STRK since its inception.
StarkNet's STRK token has plunged over 60% amid controversy over its airdrop criteria and immediate selling by recipients like Nethermind, but extreme volatility may persist as the market seeks to price in the asset's disruption potential.
Starknet, the Ethereum Layer 2 network, marked a significant milestone with the launch of its highly anticipated token. The event, which took place yesterday, saw an airdrop of 700 million STRK tokens distributed to developers and early users.
Initially, the token garnered significant attention due to an airdrop, pushing its value to $5. However, it has since been steadily declining.
Starknet's STRK token experiences a sharp decline in value within days of its launch, attributed to widespread sell-offs by airdrop participants and large token holders.
STRK's token has fallen by over half since its launch two days ago, as millions of the tokens are sold by airdrop hunters and large token recipients.
The Ethereum layer-2 network, Starknet, recently made waves in the crypto community with its $STRK token airdrop, rewarding those who had staked Ethereum ($ETH) at the time of its snapshot. At least tow airdrop hunters notably made millions off of the airdrop.
Will Starknet be able to shake off the challenges it faces after the airdrop and subsequent price drop?
StarKnet, a layer-2 has dropped significantly in the last 24 hours after listing its airdrop. It is currently trading at $1.87 but has dropped more than 40% from yesterday.
More than 490,000 individual wallets claimed 420 million starknet (STRK) tokens in the 24 hours after the highly anticipated airdrop went live, with the token's market cap remaining above $1.2 billion.
In a move that reverberates across the cryptocurrency landscape, Binance, one of the leading global exchanges, has made waves by announcing the listing of Starknet's native token, STRK. This decision not only signals a significant milestone for Starknet but also underscores the growing influence of blockchain technology in reshaping financial ecosystems worldwide.
Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices falling below the key $51,000 level on Wednesday. Ethereum (CRYPTO: ETH) also recorded losses, trading below the key $2,900 mark this morning.
Top global crypto exchange Binance has rolled out trading support for the new Ethereum (ETH) layer-2 scaling project Starknet (STRK). Starknet kicked off its first token allocation on Tuesday. The project plans to distribute more than 700 million Starknet tokens to nearly 1.3 million addresses.
Starknet faced a severe setback during its highly anticipated airdrop event on February 20th. What was meant to be a celebratory token distribution event turned into an attack scene as the malicious actor exploited the system and executed one of the most significant Sybil attacks in the history of cryptocurrency.
TL;DR Starknet, a Layer 2 scaling solution for Ethereum, distributed over 728 million STRK tokens to around 1.3 million wallets, leading to a 53% decrease in the token's value within 24 hours due to immediate selling.
Siacoin and UNUS SED LEO were among the top gainers over 24 hours, surging 14-15%. Starknet saw the biggest losses, plunging 22%.
The Bitbot ICO has made waves by reaching a staggering $3 million in funding. However, amidst this success, another altcoin, Starknet (STRK), has faced a significant price drop of 17%. This article will delve into the reasons behind Starknet's price decline, including a recent security breach during its airdrop.
The Bitcoin Dogs ICO has made waves by reaching a staggering $3 million in funding. However, amidst this success, another altcoin, Starknet (STRK), has faced a significant price drop of 17%. This article will delve into the reasons behind Starknet's price decline, including a recent security breach during its airdrop.
Starknet's airdrop attracts over 1 million users amid market volatility. Token distribution sparks controversy; early investor unlocks raise concerns.
The Starknet ecosystem has recently been at the center of a significant security breach, marking one of the most substantial and successful Sybil attacks in the cryptocurrency space.
Second-layer blockchain Starknet experienced a sharp drop in the price of its token after the airdrop and listing. According to CoinMarketCap data, over the past 24 hours, the token's price has fallen by more than 17%.
Starknet's STRK token has seen unprecedented activity as millions of tokens were claimed on airdrop day, with its value hitting $7 on Binance.
