Starknet’s highly anticipated STRK token airdrop on Feb. 20th has injected volatility into the perpetual futures market. The current mark price for STRK hovers around $1.75, reflecting a subtle 24-hour decline of 1.16%.
Despite this downtrend, market sentiment seems optimistic, with buy orders outpacing sales 55% to 45%. The open interest of over $750,000 indicates positive engagement from traders anticipating price movements triggered by the airdrop.
According to our last report, the Starknet Foundation, an Ethereum layer-2 scaling solution, will distribute over 700 million tokens starting Feb. 20 until June 20. Around 1.3 million wallets stand to benefit, working towards allocating 1.8 billion STRK tokens.
Eligible participants include Starknet users, Ethereum stakers, non-Web3 open-source developers, and even Ethereum stakers and developers without prior Starknet affiliations. The airdrop marks a major step in Starknet’s mission to expand its ecosystem.
Also Read: OKX to List Starknet’s STRK Token
