Key Highlights
- STRK declined 11.5% to $0.06587, bringing its market capitalization to $501.07 million and fully diluted valuation to $660.05 million.
- Twenty-four-hour trading volume fell to $117.72 million from $401.01 million on October 15, while perpetual futures open interest dropped to $285.49 million from $480.42 million.
- The October 15 rally coincided with a seven-day, non-binding Snapshot poll asking tokenholders whether Starknet should explore an independent Layer 1 focused on post-quantum security.
Starknet’s native token, STRK, fell 11.5% over the past 24 hours to trade at $0.06587, according to market data from CoinGecko on October 17 at 3:55 pm UTC.
The decline brought the token’s market capitalization to $501.069 million. Fully diluted valuation stood at $660.048 million. Twenty-four-hour trading volume measured $117.719 million, while total value locked was reported at $343.361 million. Perpetual futures open interest reached $285.49 million. Circulating supply stood at 7.591 billion tokens out of a total and maximum supply of 10 billion.
The 24-hour range ran from $0.0657 to $0.07483. Over the past seven days the token traded between $0.0657 and $0.1247. The all-time high of $4.41 leaves the current price 98.5% below that level. The all-time low stands at $0.02221.
The move follows a sharp advance on October 15, when STRK rose 15.3% over 24 hours to trade at $0.08867. That session lifted market capitalization to $658.661 million and fully diluted valuation to $887.449 million. Twenty-four-hour trading volume reached $401.008 million, total value locked stood at $385.66 million, and perpetual futures open interest measured $480.423 million. Circulating supply at the time was 7.422 billion tokens. The 24-hour range on that day spanned $0.07204 to $0.09808.
Recent context around the Snapshot poll
The October 15 advance coincided with the launch of a non-binding Snapshot poll asking tokenholders whether the network should explore becoming an independent Layer 1 focused on post-quantum security. The poll went live on October 15 and is scheduled to remain open for seven days.
The vote does not authorize a migration. A “Yes” outcome would initiate research and the preparation of more detailed proposals. A ‘No’ result would keep Starknet’s post-quantum work on its existing Ethereum Layer 2 path. A “neutral” outcome would leave the discussion open for further clarification.
The subsequent decline on October 17 reduced trading volume from the elevated levels recorded on October 15 and lowered open interest from $480.423 million to $285.49 million.
Technical readings and market position
Technical indicators on the one-day timeframe showed oscillators in sell territory, with two sell signals, nine neutral readings, and zero buy signals. The overall summary registered as neutral, based on six sell signals, ten neutral, and nine buy signals. Moving averages indicated buy, with four sell, one neutral, and nine buy signals.
The token’s circulating supply increased slightly from the 7.422 billion tokens recorded on October 15 to 7.591 billion. Fully diluted valuation declined from $887.449 million to $660.048 million over the same period. Total value locked moved from $385.66 million to $343.361 million.
The combination of the pullback from the October 15 high near $0.08867, the reduction in trading volume and open interest, and the continued distance from the all-time high of $4.41 leaves the near-term price action subject to further market observation.
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