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Starknet, a prominent Layer 2 scaling solution for Ethereum, recently encountered scrutiny due to its STRK token airdrop. While the airdrop aimed to reward Ethereum stakers uniquely, technical oversights led to concerns regarding fairness.
STRK, the native cryptocurrency of the StarkNet network, is witnessing strong selling pressure dropping 17% all the way under $2.0. As the StarkNet (STRK) token went live for trading on Tuesday, February 20, it witnessed a brief surge to $3.5, however, it couldn't sustain and has corrected nearly 50% from the peak.
The tokens started trading at around $5 apiece, exchange data shows, but fell ahead of significant token unlocks planned in the months ahead.
Binance, a leading cryptocurrency exchange platform, continues to innovate and expand its offerings to enhance user experience. In its latest developments, Binance has announced the launch of the USDⓈ-M MAVIA Perpetual Contract and the integration of Starknet (STRK) into its platform.
Starknet, a highly anticipated Ethereum layer-2 solution, launched its STRK token and airdrop on February 20, distributing millions of STRK tokens.
The cryptocurrency market is embracing a newcomer as a potential contender, signaling the arrival of a fresh player in the digital asset arena. In this article, we'll take a look at some of these altcoins that have been performing well in the market.
In a highly anticipated move, Starknet (STRK), an Ethereum (ETH) roll-up protocol, commenced trading on prominent cryptocurrency exchanges including Binance, Bybit, Bitfinex, and OKX on Tuesday. The token's launch was accompanied by an airdrop, distributing a staggering 728 million tokens to over one million addresses, making it one of the largest airdrops of the year.
Solana has been capturing the attention of investors with its robust blockchain platform, and recent price action suggests that it may be gearing up for a move toward the $120 mark. A deep dive into its price analysis reveals that SOL is currently trading in an ascending channel, hinting at bullish sentiment among traders.
Many users are selling and swapping their airdropped STRK tokens, as Starknet peaked at $3.42 within an hour of its debut.
The protocol's total diluted market capitalization has since surpassed $20 billion.
The Starknet Foundation's airdrop of 700 million STRK tokens is now in full effect, as the first round of “provisions” became claimable Tuesday at 7:00 am ET.
Starknet distributes 728 million STRK tokens, with initial trading volatility.
Starknet's token STRK traded as high as $3.66 on opening day before retracing over 7% as some airdrop recipients booked profits after months of farming and ecosystem contribution.
Starknet, Ethereum's layer-2 network, initiates a groundbreaking airdrop, delivering 728 million tokens to 1.3 million addresses. The airdrop, famed as the largest this year till now, saw Starknet's STRK tokens trade at $1.80 pre-launch on Aevo. Despite a surge to $5 on Kucoin post-release, the price settled at $3.50.
The Starknet (CRYPTO: STRK) token distribution kicked off with a bang. What Happened: A staggering 5 million tokens were claimed in the first five minutes alone.
STRK is now a top 100 cryptocurrency, though more sell pressure could be waiting in the wings as airdrop recipients claim their rewards.
Bitcoin (CRYPTO: BTC) edged lower, but the cryptocurrency prices traded above the key $52,000 level on Tuesday. Ethereum (CRYPTO: ETH), meanwhile, recorded gains, trading above the key $2,900 mark this morning.
The distribution of 728 million STRK tokens to approximately 1.3 million addresses has become the largest airdrop of the year. Pre-launch perpetual futures of Starknet's token were at $1.80 on the decentralized futures platform Aevo.
Eligible Starknet token recipients claimed million of tokens as the Ethereum layer-2 opened its provisions portal to distribute its native token.
Launched on the market the layer-2 Starknet token.
Many users voiced their grievances on social media platforms and the project's Discord channel, expressing disappointment at being left out of the token distribution despite their contributions to the network.
This means users will soon be able to trade STRK on major platforms like Binance, Bybit, Bitfinex, and OKX. Binance has already announced plans to launch trading for specific pairs once liquidity thresholds are satisfied.
Ethereum is closing in on $3,000 for the first time in two years with its ratio rising against bitcoin to above 0.056 BTC.
Starknet distributed 728 million tokens to around 1.3 million addresses in what is being dubbed as the largest airdrop of the year.
