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. This has happened StarKnet token (STRK) got listed on large centralized exchanges like Bitcoin and KuCoin. At the time of listing it was trading at $2.387 and peaked at $3.66 within 60 minutes. From its all-time high, it has dropped by 40% in 24 hours, concerning the investors about the token’s long-term performance.
The drop is caused because of the recent airdrop of the token on various platforms after its launch. For this airdrop, 728 Million STRK tokens were unlocked by the satarknet team which is 7.3% of the total supply.
The airdrop was received by StarKnet and StarkEx, early adopters, Ethereum community members, a few developers, and the authors of EIP.
The airdrop helped in plummeting the number of StarKnet users. By 14 February, the network crossed around 225,000 active wallet mark. Because of this, Star
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