- 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.
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.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
