HomeNewsSTRK Tokens Surge as Vitalik Buterin Unlocks $1.07M Worth

STRK Tokens Surge as Vitalik Buterin Unlocks $1.07M Worth

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  • StarkNet gives Vitalik Buterin 845,205 STRK tokens worth $1.07 million.
  • Bullish market mood is reflected in the 2.33% rise in STRK price in the last 24 hours.

Significantly, today Ethereum co-founder Vitalik Buterin unlocked and took 845,205 STRK tokens from the Locked Token Grant contract of the Ethereum Layer 2 network, StarkNet.

The worth of these tokens comes to about $1.07 million. Being an early StarkNet investor, Buterin raises awareness of this occasion and elicits strong feelings in the cryptocurrency community.

Reaction of the Market and STRK Price Fluctuation

Fizen.io CEO Leo offered his thoughts on the matter, saying that even if Vitalik Buterin decides not to sell his just unlocked tokens, the price of STRK is probably going to fluctuate.

This declaration shows how sensitively the market reacts to big token changes, particularly when they include well-known people like Buterin. To further compound the ambiguity and market dynamics, the community is speculating on whether Buterin will keep or sell these tokens.

CoinGecko data shows that the price of STRK is now around $1.25, up 2.33% from the previous day. STRK has been trending bullish for the last week, rising by a noteworthy 11.84%.

This strong result demonstrates the increasing interest and trust in StarkNet’s potential and capabilities inside the Ethereum ecosystem.

Remarkable TVL Growth of StarkNet

ETHNews reported earlier this year, in February, that StarkNet’s Total Value Locked (TVL) had surpassed $1 billion. As to this point, StarkNet is the fourth Ethereum Layer 2 solution to reach such an impressive number.

The quick growth of TVL demonstrates the promise of StarkNet and the confidence the community has in its efficiency and scalability solutions.

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Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: info@ethnews.com Phone: +49 160 92211628