Ethereum

2024

Starknet

Millions

<p>Starknet, an Ethereum layer-2 rollup network utilizing zero-knowledge proofs for scaling, recently conducted the largest token airdrop of 2024 so far. Over 728 million STRK tokens were distributed to around 1.3 million addresses in the Starknet Provisions airdrop program.</p>
<p>The STRK price shot up to $5 on Kucoin exchange within minutes of the airdrop launch but soon corrected lower to around $3.50 amid high volatility. The price has since plunged further to current levels of $2.12 as excitement around the airdrop fizzles out.</p>
<p>With a maximum supply of 10 billion tokens, the fully diluted valuation of Starknet stands at a lofty $35 billion. However, the actual market capitalization based on circulating supply is much lower at $1.5 billion.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="636" src="https://captainaltcoin.com/wp-content/uploads/2024/02/chart-starknet-1024x636.png" alt="" class="wp-image-441224" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/chart-starknet-1024x636.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/chart-starknet-300x186.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/chart-starknet-766x476.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/02/chart-starknet-1536x954.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/chart-starknet-2048x1272.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/chart-starknet-242x150.png 242w, https://captainaltcoin.com/wp-content/uploads/2024/02/chart-starknet-100x62.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/chart-starknet-564x350.png 564w, https://captainaltcoin.com/wp-content/uploads/2024/02/chart-starknet-788x489.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/chart-starknet.png 760w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em><strong>Source: <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="CoinStats" href="https://captainaltcoin.com/go/coinstats-3/" data-shortcode="true">CoinStats – Start using it today</a></strong></em></p>
<p>Most of the total supply has been allocated to the Starknet Foundation for community initiatives. The rest has been assigned to early contributors, investors, employees and partners.</p>
<p>The airdropped tokens will be subject to a 31-month vesting schedule starting April. This controlled release of new tokens could put downward pressure on STRK price over the long term.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>In the short term, Starknet’s daily active users have already fallen from 220,500 last week during airdrop hype to around 20,000 as users express dissatisfaction regarding airdrop allocation. Lower user engagement could negatively impact Starknet’s growth.</p>
<p>In summary, while the Starknet airdrop generated initial excitement, controlled vesting schedules and declining users could limit significant STRK price appreciation over the next couple of years. The blockchain’s adoption trajectory remains uncertain.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/kaspas-kas-token-soars-to-new-heights-surpassing-cosmos-atom-and-theta-tao/" target="_blank" rel="noopener noreferrer nofollow">Kaspa’s KAS Token Soars to New Heights, Surpassing Cosmos (ATOM) and Theta (TAO)</a></li>
 <li><a href="https://captainaltcoin.com/filecoin-fil-eyes-tripling-to-25-as-technicals-turn-bullish-and-solana-partnership-catalyzes-growth/" target="_blank" rel="noopener noreferrer nofollow">Filecoin (FIL) Eyes Tripling to $25 as Technicals Turn Bullish and Solana Partnership Catalyzes Growth</a></li>
 <li><a href="https://captainaltcoin.com/the-5-best-altcoins-to-watch-in-february-2024-which-altcoin-will-explode-in-2024/" target="_blank" rel="noopener noreferrer nofollow">The 5 Best Altcoins to Watch in February 2024: Which Altcoin Will Explode in 2024?</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/starknet-drops-the-largest-airdrop-this-year-but-heres-the-catch-for-strk-price/" rel="noopener noreferrer nofollow">Starknet Drops the Largest Airdrop This Year, But Here’s The Catch for STRK Price</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Starknet Drops the Largest Airdrop This Year, But Here’s The Catch for STRK Price

Table of Contents

CaptainAltcoin

Другие статьи, опубликованные 20 февр. 2024 г.

Anticipating Bitcoin’s Halving: Supply Shock and Price Implications

Swiss Prosecutor Raids Tyr Capital Partners Over Its Ties With FTX

Most Trending Cryptocurrencies on Polygon – Metal, Algebra, Argocoin

Price Analysis: Cryptocurrency Bittensor (TAO) Decreases More Than 6% Within 24 Hours

Ripple CTO Tips Blackholing as a Strategy to Burn XRP Escrow Reserves

New altcoin Surges By 20%! Is It A Good Investment For Future?

Join our free newsletter for daily crypto updates!