Over the past 24 hours (as of around 8:50 a.m. Beijing time on October 6), $STRK was trading at about $0.0526, down around 11.5%. Its Binance spot trading volume was about $12.1 million, making it one of the major coins with the steepest declines today.
Starknet is a zero-knowledge-proof-based Layer 2 network on Ethereum. In early October, STRK staged a strong rebound, driven by the v0.14.4 network upgrade on October 5 and buzz around strkBTC-related incentive campaigns. But problems soon emerged after the rally: technical indicators entered overbought territory, prompting investors to take profits; meanwhile, around 127 million STRK are set to unlock on October 15, raising concerns that the new supply could create selling pressure. Some investors chose to exit early.
Why is this worth watching? This is a typical combination of “upgrade-related positive news already priced in, with unlock-related downside ahead.” For projects with clearly defined token unlock cycles, the one or two weeks before an unlock are often the period of greatest pressure.
You can monitor on-chain transfer activity around the unlock, especially whether large wallet addresses transfer tokens to exchanges, and whether ecosystem incentives such as strkBTC can generate sustained real usage. Short-term bargain hunting should wait for signs of stabilization.
The above content is for reference only and does not constitute investment advice.