Starknet (STRK) token is breaking away from the broader crypto downturn, surging while nearly the entire market trends lower.
As of press time, STRK was trading at $0.24and stands as the top gainer on both the daily and weekly charts, posting a 17.61% jump in the past 24 hours and an impressive 79% rally over the past seven days.
STRK price chart. Source: CMC
This performance defies the deepening bearish sentiment across the market, which has seen Bitcoin (BTC) drop below $90,000.
Why STRK is rallying
STRK’s momentum comes ahead of significant investor and team token unlocks set to begin in the coming weeks. Rather than dampening interest, the unlocks appear to have sharpened investor focus on Starknet’s long-term fundamentals.
Part of STRK’s strength is also tied to renewed enthusiasm for privacy-focused assets. Tokens such as Zcash (ZEC) and Monero (XMR) are outperforming the market, and Starknet is naturally benefiting from the trend.
At the same time, the Ether
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