The crypto world is eagerly awaiting the listing of an altcoin today. The cryptocurrency to be listed is Starknet (STRK). Starknet is an Ethereum Layer-2 network that utilizes a ZK-Rollup solution to scale decentralized applications. According to the token distribution plan announced last week by the Starknet Foundation, the token will assist in the decentralization and governance of the network.
When Will Trading of the Token Begin on Exchanges?
The schedule set by crypto exchanges for listing Starknet (STRK) is almost identical. The listing times are as follows.
- MEXC: Will list at 16:00.
- Binance: Will list at 16:00.
- Kucoin: Trading started at 15:00.
- Bybit: Trading started at 15:00.
- OKX: STRK deposits opened on February 19, 2024, at 09:00 (local time). However, trading times have not been specified yet. Trading will begin today if liquidity is met.
- Bitfinex: STRK deposits started yesterday at 16:30. Trading will begin today if liquidity is met.
- Kraken: Trading started at 15:45.
Is There Excitement for the Starknet Token?
As I write this article, announcements regarding token distribution have started to come in. Binance made a statement on the matter. According to the announcement, the distribution of 10,178,280 STRK, which is a 10,26375 ratio from the Starknet Foundation, has been completed for all eligible users who staked ETH on Binance.
The crypto market always welcomes new token listings with excitement, and a similar enthusiasm is observed today. The same was true for the Pixels listing yesterday. The $1.4 billion volume created in 24 hours can be considered a reflection of this excitement.
We will have a clearer view of the price situation once Starknet is listed on other crypto exchanges at 16:00. Because more investors will turn to the cryptocurrency, a fairer price formation is expected to occur over time.
What Should Investors Pay Attention To?
Crypto investors should be aware of one thing during listings. When buyers act extremely quickly in the first listing, the price can fluctuate wildly, increasing the likelihood of high entry levels. Predicting where the price will fluctuate is difficult. Therefore, it is beneficial to follow the price in the first hours.
A fair price usually does not form in the initial phase, so monitoring the STRK chart will be wise. Analysts advise investors to wait for a while as immediate entry at the start can lead to high entry prices for some cryptocurrencies. Lastly, those who received the cryptocurrency through an airdrop will also participate in this sale, so it is beneficial not to overlook this point.
