Layer2 project Starknet opened its airdrop for users to claim on the evening of the 21st. According to the latest data from Voyager, over 355 million STRK tokens have been claimed by users, accounting for 77% of the total airdrop allocation.
Etheruem Layer2 project Starknet officially opened for users to claim its airdrop on the evening of the 21st, Taiwan time. According to community reports, besides facing a long wait due to a large number of pending wallets, the claiming process was smooth.
Data shows that after the trading began, the price of STRK briefly surged to $7.15 but quickly fell back to $3 and experienced a fluctuation that dropped below $2 during the late night. As of the time of writing, it has slightly rebounded to $2.032.
Airdrop has been 77% claimed. According to the latest data from Starknet blockchain explorer Voyager, over 355 million STRK tokens have been claimed by users, accounting for approximately 77% of the total airdrop allocation. Based on the current market price, the total value of the claimed STRK tokens amounts to approximately $763 million.
Institutional dumping upon claiming? According to blockchain analysis platform Lookonchain, well-known market maker Flow Traders has been reducing its holdings of STRK. Data shows that Flow Traders received a total of 5 million STRK tokens and successfully sold 653,000 tokens at a price of $3.79 each on a decentralized exchange, earning approximately $2.48 million.
Flow Traders chose to trade on a decentralized exchange. In addition to selling on DEX, Flow Traders also transferred a large amount of STRK tokens. According to monitoring data, they transferred up to 3.5 million STRK tokens to the cryptocurrency exchange Binance and also deposited 100,000 STRK tokens into another exchange, Crypto.com. These transfers may be for future selling or trading preparations. Currently, Flow Traders still holds approximately 747,000 STRK tokens.
Furthermore, Nethermind, as a node operator for Lido, has been continuously selling STRK. Data shows that Nethermind received a total of 10.25 million STRK tokens, valued at approximately $23 million. They have already sold 954,100 STRK tokens through a specific wallet “0x663e” in exchange for $2.3 million worth of USDC, with an average transaction price of $2.41 per token. Currently, Nethermind still holds 9 million STRK tokens, which may create pressure if they continue to sell at $2.4.
With the substantial selling from institutions and market makers, strong pressure has been exerted on the future price movement of STRK. Whether the price can reverse and rise remains worth continuous attention.