Starknet more than doubled in a week. Today is the first real cooling-off.
📌 What happened
$STRK is down about 6% in 24 hours near $0.104, per CoinGecko, after a run that CryptoSlate put at about 117% over seven days. The rally started when Starknet said on October 8 that it is considering becoming an independent layer 1.
🔍 Why it matters
• The plan is still a consideration, not an approved migration timetable
• Starknet aims to be fully quantum resistant by 2027, ahead of Ethereum's December 2029 target
• Futures volume hit about $3.5B in a day, per CoinGlass data cited by CryptoSlate, a sign of heavy leverage
👀 What to watch
• An October 15 unlock lets up to 127 million STRK become transferable, about 1.27% of the original supply
• Risk: leveraged rallies on unconfirmed plans often give back a large share of gains once the news is priced in
💬 Is leaving Ethereum a strength or a risk for Starknet in your view?
#Starknet #Layer1
📌 What happened
$STRK is down about 6% in 24 hours near $0.104, per CoinGecko, after a run that CryptoSlate put at about 117% over seven days. The rally started when Starknet said on October 8 that it is considering becoming an independent layer 1.
🔍 Why it matters
• The plan is still a consideration, not an approved migration timetable
• Starknet aims to be fully quantum resistant by 2027, ahead of Ethereum's December 2029 target
• Futures volume hit about $3.5B in a day, per CoinGlass data cited by CryptoSlate, a sign of heavy leverage
👀 What to watch
• An October 15 unlock lets up to 127 million STRK become transferable, about 1.27% of the original supply
• Risk: leveraged rallies on unconfirmed plans often give back a large share of gains once the news is priced in
💬 Is leaving Ethereum a strength or a risk for Starknet in your view?
#Starknet #Layer1