Starknet Claims Go Wild As 5M Tokens Get Snapped Up In First Minutes
Portfolio Pulse from Murtuza Merchant
Starknet's token distribution saw 5 million STRK tokens claimed in the first five minutes, marking a significant event in the crypto market. Over 1.2 million wallets are eligible for the distribution of 700 million tokens, with no lockups, aiming to reward contributors to the Starknet ecosystem. Ethereum stakers also receive allocations. The STRK token showed early volatility, trading between $1.80 and $5, and is currently around $3.50. The distribution window is open until June 20.
February 20, 2024 | 4:36 pm
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POSITIVE IMPACT
Ethereum stakers are part of Starknet's token distribution, potentially increasing interest and activity in Ethereum.
The inclusion of Ethereum stakers in the Starknet token distribution could lead to increased interest and activity in Ethereum, as participants may need to engage more with the Ethereum ecosystem to benefit from the distribution.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Starknet's STRK token experienced rapid claim rates and early volatility, trading between $1.80 and $5, currently around $3.50.
The high demand and rapid claim rate of STRK tokens, coupled with its early price volatility, indicate strong market interest and community support. This could lead to increased trading activity and potentially higher prices in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100