Up 23% in a day, yet its market cap is only $370 million—today the top gainer among the top 200 by market cap is STRK, which is still down 98% from its all-time high.
What happened:
Starknet’s token STRK jumped more than 22% in a single day today, once climbing to $0.056—the highest percentage gainer among the top 200 coins by market cap. On-chain tracking shows that a wallet associated by market observers with KOL Qwerty bought 17.45 million tokens (about $767,000) at a single go around 13 hours ago at an average price of $0.0439. At one point, the wallet’s unrealized profit was over $170,000. On the fundamentals side, Starknet has indeed been stepping up lately: the STRK-denominated staking rewards were launched, strkBTC cross-chain bridge fee support was added, and a weekly strkBTC faucet distribution was introduced.
How to look at it:
This move looks more like a three-way convergence of “low market cap + incentive expectations + smart money lighting the fuse,” rather than a fundamental reversal. After a token has already fallen 98% from its peak, even a light breeze can ignite it. In the 23% surge, sentiment plays a far larger role than underlying substance, and the technical overbought signals have already flashed. The real test isn’t how much it rises, but whether it can hold above $0.05. For this kind of low-level L2 anomaly, I just watch and don’t act: you can enjoy the show, but don’t chase the price.
Data as of: 2026-10-04 06:00 UTC
Source: CoinCodex Oct 4 market daily report; TokenPost; TradersUnion
For information sharing only and does not constitute investment advice.
I’ll keep tracking data on these anomaly coins—follow me so you don’t get lost.
A coin that’s down 98% from its high rallies 23% in a day—would you chase it?
$STRK
What happened:
Starknet’s token STRK jumped more than 22% in a single day today, once climbing to $0.056—the highest percentage gainer among the top 200 coins by market cap. On-chain tracking shows that a wallet associated by market observers with KOL Qwerty bought 17.45 million tokens (about $767,000) at a single go around 13 hours ago at an average price of $0.0439. At one point, the wallet’s unrealized profit was over $170,000. On the fundamentals side, Starknet has indeed been stepping up lately: the STRK-denominated staking rewards were launched, strkBTC cross-chain bridge fee support was added, and a weekly strkBTC faucet distribution was introduced.
How to look at it:
This move looks more like a three-way convergence of “low market cap + incentive expectations + smart money lighting the fuse,” rather than a fundamental reversal. After a token has already fallen 98% from its peak, even a light breeze can ignite it. In the 23% surge, sentiment plays a far larger role than underlying substance, and the technical overbought signals have already flashed. The real test isn’t how much it rises, but whether it can hold above $0.05. For this kind of low-level L2 anomaly, I just watch and don’t act: you can enjoy the show, but don’t chase the price.
Data as of: 2026-10-04 06:00 UTC
Source: CoinCodex Oct 4 market daily report; TokenPost; TradersUnion
For information sharing only and does not constitute investment advice.
I’ll keep tracking data on these anomaly coins—follow me so you don’t get lost.
A coin that’s down 98% from its high rallies 23% in a day—would you chase it?
$STRK
