Post-quantum/privacy narrative takes off: Starknet considers breaking away to become an independent L1 + Shadow Accounts; $STRK jumps about 26% in a day
Event details: Starknet introduced Shadow Accounts (the STRK20 privacy primitive), allowing users to participate in DeFi with separate pseudonymous addresses without exposing their link to their main wallet. It is also exploring a move away from Ethereum to become an independent, post-quantum L1, with the goal of becoming a “fully post-quantum network” by 2027. Meanwhile, Coinbase recommended a hybrid transition plan for Bitcoin’s post-quantum migration, Sui Devnet completed its first native post-quantum transaction (ML-DSA-65), and NEAR launched post-quantum capabilities. Post-quantum security is emerging as a major new narrative for public blockchains.
Why it matters: The quantum computing threat is drawing closer, and post-quantum security/AI security is emerging as a new narrative after RWA. If Starknet’s transformation goes ahead, it could prompt a reassessment of the network’s value. However, this is a “trade on expectations”—the transformation is still only under consideration, and the token has already priced in a great deal of optimism.
Benefiting/affected tokens: STRK (leading the rally); the post-quantum/privacy cohort—NEAR, SUI, and QNT—could benefit indirectly.
Price action and technical levels (STRK):
Current price: around $0.103 (+26% in one day, +95% in 5 days, +81.7% in 7 days; RSI 85, overbought)
Resistance: 0.1063** (near-term resistance), **0.12 (strong weekly resistance), $0.151 / $0.181 (extended targets)
Support: $0.083** (a break below could see $0.06), 0.05** (key psychological level/former resistance), **0.0479** (previous low)
Outlook: ⚠️ Extremely volatile and severely overbought. **On October 15, 127 million STRK tokens (about $14.2 million, or 3.37% of the circulating supply) will be unlocked**, creating substantial near-term risk of profit-taking. A break above $0.12 would open room for the trend to continue; otherwise, a pullback to $0.05–$0.083 is possible. The long-term thesis still hinges on a valuation reassessment as it transitions from an L2 to a post-quantum L1, but this must be validated by a mainnet launch.
Related token: #strk is a token in the Starknet ecosystem, used for governance, staking, and transaction fees. Starknet is an Ethereum L2 based on STARK zero-knowledge proofs, and is now seeking to redefine its positioning as an “independent post-quantum L1”.
Event details: Starknet introduced Shadow Accounts (the STRK20 privacy primitive), allowing users to participate in DeFi with separate pseudonymous addresses without exposing their link to their main wallet. It is also exploring a move away from Ethereum to become an independent, post-quantum L1, with the goal of becoming a “fully post-quantum network” by 2027. Meanwhile, Coinbase recommended a hybrid transition plan for Bitcoin’s post-quantum migration, Sui Devnet completed its first native post-quantum transaction (ML-DSA-65), and NEAR launched post-quantum capabilities. Post-quantum security is emerging as a major new narrative for public blockchains.
Why it matters: The quantum computing threat is drawing closer, and post-quantum security/AI security is emerging as a new narrative after RWA. If Starknet’s transformation goes ahead, it could prompt a reassessment of the network’s value. However, this is a “trade on expectations”—the transformation is still only under consideration, and the token has already priced in a great deal of optimism.
Benefiting/affected tokens: STRK (leading the rally); the post-quantum/privacy cohort—NEAR, SUI, and QNT—could benefit indirectly.
Price action and technical levels (STRK):
Current price: around $0.103 (+26% in one day, +95% in 5 days, +81.7% in 7 days; RSI 85, overbought)
Resistance: 0.1063** (near-term resistance), **0.12 (strong weekly resistance), $0.151 / $0.181 (extended targets)
Support: $0.083** (a break below could see $0.06), 0.05** (key psychological level/former resistance), **0.0479** (previous low)
Outlook: ⚠️ Extremely volatile and severely overbought. **On October 15, 127 million STRK tokens (about $14.2 million, or 3.37% of the circulating supply) will be unlocked**, creating substantial near-term risk of profit-taking. A break above $0.12 would open room for the trend to continue; otherwise, a pullback to $0.05–$0.083 is possible. The long-term thesis still hinges on a valuation reassessment as it transitions from an L2 to a post-quantum L1, but this must be validated by a mainnet launch.
Related token: #strk is a token in the Starknet ecosystem, used for governance, staking, and transaction fees. Starknet is an Ethereum L2 based on STARK zero-knowledge proofs, and is now seeking to redefine its positioning as an “independent post-quantum L1”.