Starknet

<p><em><strong>StarkNet’s STRK token, once highly anticipated, is experiencing ongoing losses since its listing on major exchanges like Binance.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>Initially, the token garnered significant attention due to an airdrop, pushing its value to $5. However, it has since been steadily declining.</p><h3 id="factors-contributing-to-continued-strk-price-decline">Factors Contributing to Continued STRK Price Decline</h3><p>A significant <a href="https://cryptosheadlines.com/reasons-behind-the-surge-of-dogecoin-shiba-inu-pepe-prices/" rel="noopener noreferrer nofollow">reason behind the ongoing drop in STRK price</a> is the recent sale by Nethermind, a blockchain research and software engineering company. They sold over 3.41 million STRK tokens, valued at approximately $2 million. Despite this sale, Nethermind still holds a substantial 6.74 million STRK tokens, worth around $12.33 million.</p><blockquote>The price of <a href="https://twitter.com/search?q&#61;%24STRK&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$STRK</a> has been falling since its launch.We noticed that <a href="https://twitter.com/hashtag/Nethermind?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#Nethermind</a> has sold a total of 3.41M <a href="https://twitter.com/search?q&#61;%24STRK&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$STRK</a>($6.74M) at $1.98 so far.<a href="https://twitter.com/hashtag/Nethermind?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#Nethermind</a> still holds 6.74M <a href="https://twitter.com/search?q&#61;%24STRK&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$STRK</a>($12.33M), and the selling may continue.<a href="https://t.co/EUvVeHvyCY" rel="noopener noreferrer nofollow">https://t.co/EUvVeHvyCY</a> <a href="https://t.co/RiFFiZXQRt" rel="noopener noreferrer nofollow">pic.twitter.com/RiFFiZXQRt</a>— Lookonchain (&#64;lookonchain) <a href="https://twitter.com/lookonchain/status/1760489819275395490?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">February 22, 2024</a></blockquote><p>Investors and traders are closely monitoring the <a href="https://cryptosheadlines.com/binance-resumes-services-in-belgium-post-regulatory-action/" rel="noopener noreferrer nofollow">actions of major STRK holders and anticipating potential regulatory</a> actions from the Netherlands, which could lead to further price declines.</p><p>Recent data from Binance Square reveals a substantial decline in STRK users, dropping by 90% from 226,000 to 25,000. This decline is attributed to changes in the <a href="https://cryptosheadlines.com/sei-messes-up-token-airdrop/" rel="noopener noreferrer nofollow">token’s airdrop</a> eligibility criteria.</p><h3 id="strk-distribution-and-price-fluctuations">STRK Distribution and Price Fluctuations</h3><p>StarkNet’s ongoing airdrop, distributing 10% of its total token supply, approximately 700 million STRK tokens, has also impacted <a href="https://cryptosheadlines.com/ordinals-finance-took-1-million-from-its-users-and-as-a-result-the-value-of-ofi-token-dropped-by-95/" rel="noopener noreferrer nofollow">user participation and token value</a>. On February 20, 2024, STRK reached $7.7 on Binance, prompting speculation about the token’s legitimacy.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>Despite the price volatility and concerns, Binance plans to introduce a STRK token distribution plan for users participating in Binance ETH staking, potentially influencing future market dynamics.</p><p><a href="https://cryptosheadlines.com/microstrategys-michael-saylor-shares-bitcoin-exit-plan/" rel="noopener noreferrer nofollow">Also Read:   MicroStrategy’s Michael Saylor Shares Bitcoin Exit Plan</a></p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines007-3.webp?resize&#61;640%2C1136&amp;ssl&#61;1" /></p><p>Source: Binance</p><h3 id="strk-price-decline-amidst-market-trends">STRK Price Decline Amidst Market Trends</h3><p>StarkNet’s STRK token is currently trading around $1.8, experiencing a nearly 3% decrease in the last 24 hours. Since its <a href="https://cryptosheadlines.com/trons-trx-token-launched-on-ethereum-blockchain-price-surge-12/" rel="noopener noreferrer nofollow">token launch</a>, STRK has seen a 20% decline in price.</p><p>The downward trend in STRK’s price is accompanied by a significant loss in its user base and a drop of over 42% in its 24-hour trading volume. Additionally, the STRK market is down by 2.5%, with a total market value of approximately $1.3 billion.</p><p>It’s important to note that STRK is not the only <a href="https://cryptosheadlines.com/release-of-500-million-xrp-tokens-from-escrow-causes-price-drop/" rel="noopener noreferrer nofollow">token facing a price drop</a>. The broader cryptocurrency market is currently witnessing profit booking, with major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and others also experiencing continuous declines over the past two days.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Crypto Whale Sells 3.41 Million STRK Tokens; Adding to Decline

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