Ethereum

2024

Foundation

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As Starknet gears up for its highly anticipated STRK token airdrop on Feb. 20th, the perpetual futures market for STRK is witnessing a surge in trading activity.&nbsp; 
The anticipation of the airdrop has injected volatility into the trading of <a href="https://app.aevo.xyz/perpetual/strk" target="_blank" rel="noopener">STRK-USD futures</a>. The current mark price for STRK hovers around $1.78, reflecting a subtle 24-hour price decline of 1.14%. 
Despite this slight downtrend, the market’s sentiment doesn’t appear to be dampened, as indicated by the past day’s buy/sell volume ratio, where buy orders outweigh sell orders at 55% to 45%. This could suggest that traders are optimistic about the STRK’s prospects post-airdrop. 
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 <img loading="lazy" decoding="async" width="1024" height="379" src="https://crypto.news/app/uploads/2024/02/Screenshot-2024-02-12-181449-3-1024x379.png" alt="Starknet STRK" class="wp-image-14249528" style="width: 100%;height:auto">
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 STRK-USD perpetual futures | Source: <a href="https://app.aevo.xyz/perpetual/strk" target="_blank" rel="noopener">Aevo</a>
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The open interest of over $750,000 in the STRK-USD pair signifies a positive engagement from traders, who maintain their positions in anticipation of price movements triggered by the <a href="https://crypto.news/starknet-to-airdrop-700m-strk-tokens-to-1-3m-users/">airdrop</a>. Open interest in the context of STRK futures refers to the total number of contracts that are currently active or open in the market. 
 You might also like: <a href="https://crypto.news/bitcoin-etfs-net-inflows/"> Bitcoin ETFs see net inflows for a second straight week, reaching $4.7b </a> 
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 If you miss the first <a href="https://twitter.com/search?q=%24STRK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$STRK</a> airdrop, I understand your frustration. But I truly believe that the first distribution is not the best opportunity for us users 👇 1️⃣ Additional airdrop/distribution rounds There will be more rounds of distributions, as already announced by the… <a href="https://t.co/Fgi798bpjr" target="_blank">pic.twitter.com/Fgi798bpjr</a>— Starknet_Digger 🦇🔊 (@Starknet_OG) <a href="https://twitter.com/Starknet_OG/status/1758469838232592825?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 16, 2024</a>
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 The <a href="https://crypto.news/starknet-l2-initiates-test-transactions-from-ethereum-mainnet/">Starknet Foundation</a> is an Ethereum layer-2 scaling solution. The <a href="https://twitter.com/Starknet_OG/status/1758469838232592825" target="_blank" rel="noopener">STRK token airdrop</a> will start on Feb. 20 and run until June 20. Over 700 million tokens will be distributed to many participants, including Starknet users, Ethereum stakers, and non-Web3 open-source developers. 
With this initiative, approximately 1.3 million wallets stand to benefit, marking a step towards allocating a total of 1.8 billion STRK tokens. Ethereum stakers and developers without prior Starknet affiliations will also be eligible for this airdrop. 
 Read more: <a href="https://crypto.news/ethereum-perpetual-futures-open-interest/"> Ethereum perpetual futures open interest reaches record high </a>

Starknet futures surge ahead of 700m token airdrop

crypto.news

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