Starknet Token Launch Left in Thriller as Whale Receives Mammoth Airdrop

• STRK token noticed a $3 million airdrop consolidated right into a single pockets.
• STRK dipped to $3.50, experiencing a 13.69% lower.
• Starknet’s token boasts a $1.58 billion 24-hour buying and selling quantity.

Lookonchain shared, in an X submit, that an nameless pockets obtained an airdrop value $3 million by way of 1,361 wallets. Particularly, the airdrop featured 1.432 million STRK, the native token for the Ethereum layer-2 scaling answer Starknet. 

In keeping with studies, Starknet commenced distributing 700 million tokens to roughly 1.3 million addresses because it marked the airdrop’s official launch. The token distribution plan allocates 50.1% to the Starknet Basis for neighborhood packages, 24.68% to early contributors, and 32% to StarkWare workers and companions.

STRK, touted because the “largest airdrop of the yr,” started buying and selling at $5 on crypto trade KuCoin however has since dipped to $3.50, showcasing early value swings. With an preliminary whole provide of 10 billion tokens, studies claimed that the absolutely diluted worth reached $35 billion, whereas the present market cap stands at $2.32 billion.

As of February 21, STRK has skilled a big 13.69% lower in buying and selling prior to now 24 hours, with the present value standing at $2.03. Regardless of this dip in worth, STRK maintained a 24-hour buying and selling quantity of $1.58 billion. 

CoinMarketCap’s information confirmed that STRK has a market cap of $1.48 billion and 728 million STRK tokens in circulation. Furthermore, tokens in circulation represented 7.28% of the full provide, which is capped at 10 billion tokens.