• In STRK token, $3 million airdrop was consolidated right into a single pockets.
• STRK fell 13.69% to $3.50.
• Starknet tokens have a buying and selling quantity of $1.58 billion in 24 hours.

Lookonchain shared in an X put up that an nameless pockets acquired an airdrop price $3 million by way of 1,361 wallets. Particularly, the airdrop featured 1.432 million STRK, the native token of Ethereum layer 2 scaling answer Starknet.

In keeping with studies, Starknet has began distributing 700 million tokens to roughly 1.3 million addresses to commemorate the official launch of the airdrop. 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.

Touted because the “largest airdrop of the 12 months,” STRK started buying and selling at $5 on cryptocurrency trade KuCoin, however has since fallen to $3.50, indicating early worth motion. The entire preliminary provide is reported to be 10 billion tokens, with a totally diluted worth of $35 billion, and a present market cap of $2.32 billion.

As of February twenty first, STRK has skilled a major drop of 13.69% up to now 24 hours of buying and selling, and its present worth is $2.03. Regardless of this drop in worth, STRK maintained a 24-hour buying and selling quantity of $1.58 billion.

In keeping with information from CoinMarketCap, STRK has a market capitalization of $1.48 billion, with 728 million STRK tokens in circulation. Moreover, tokens in circulation account for 7.28% of the whole provide, which is capped at 10 billion tokens.