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<p><span style="font-weight: 400;">The Starknet price surged after StarkWare amended its STRK airdrop plan in response to a backlash from investors triggered by its original token unlock schedule.</span></p> 
<p>The original plan would have allowed some early investors to unlock 1.3 billion tokens worth more than $2.6 billion on April 15, prompting fears of a steep selloff.</p> 
<p>Under the revised plan, 0.64% of tokens worth about $125.5 million will unlock on April 15, compared to more than 13% under the original plan.</p> 
<p><span style="font-weight: 400;">After that, 64 million STRK tokens will be introduced to the circulating supply on a monthly basis until March 2025. That cap will then be increased to 127 million </span><a href="https://insidebitcoins.com/news/starknet-price-prediction-strk-pumps-14-after-starkware-revises-token-unlock-plan-but-all-eyes-are-on-a-huge-airdrop-by-this-new-solana-meme-coin"><span style="font-weight: 400;">STRK</span></a><span style="font-weight: 400;"> per month for the following two years.</span></p> 
<p>“We value this community and want to earn its trust by building great tech that embodies blockchain values and stands the test of time,” <span style="font-weight: 400;">StarkWare said in a Feb. 22 post on X. “Under the new unlock plan, 580 million tokens held by early contributors and investors will be unlocked by the end of 2024, as opposed to 2 billion of those tokens under the previous schedule.”</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Important update:</p> 
 <p>After listening to feedback from ecosystem friends and collaborators, we are changing the lockup schedule for StarkWare’s early contributors and investors to make it more gradual. </p> 
 <p>We value this community and want to earn its trust by building great tech that…</p> 
 <p>— StarkWare (@StarkWareLtd) <a href="https://twitter.com/StarkWareLtd/status/1760780113057030184?ref_src=twsrc%5Etfw">February 22, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="span-style-font-weight-400-strk-soars-10-span"><span style="font-weight: 400;">STRK Soars 10%</span></h2> 
<p><span style="font-weight: 400;">STRK <a href="https://www.coingecko.com/en/coins/starknet">surged</a> more than 10% in the past 24 hours to trade at $2.06 as of 6:20 a.m. EST after the unlock was revised.&nbsp;</span><span style="font-weight: 400;">It had <a href="https://insidebitcoins.com/news/starknets-strk-loses-half-its-value-amid-criticism-over-sketchiest-airdrop-issuance-and-unlock-schedule">plummeted</a> almost 60% from a peak of $4.41 on Feb. 20 to trade below $1.90 after <a href="https://insidebitcoins.com/news/starkware-ceo-hits-back-at-criticism-that-starknet-strk-token-airdrop-unlock-is-scammy">news</a> of the April unlock surfaced.</span></p> 
<p><span style="font-weight: 400;">Eligible wallets have claimed more than 436 million STRK tokens, amounting to 94% of the distributed token supply, </span><a href="https://voyager.online/strk-provisions-dashboard"><span style="font-weight: 400;">according</span></a><span style="font-weight: 400;"> to Voyager data. DefiLlam </span><a href="https://defillama.com/chain/Starknet"><span style="font-weight: 400;">data</span></a><span style="font-weight: 400;"> shows that the total value locked (TVL) on the Starknet network has surpassed $130 million.</span></p> 
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STRK Surges After StarkWare Amends Airdrop Plan Following Investor Backlash

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Inside Bitcoins

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