While the airdrop frenzy continues at full speed, perhaps the most divisive development in the world of cryptocurrency occurred specifically with Starknet. There were major issues with the eligibility criteria of the project, resulting in many wallets being disqualified for various reasons, which caused significant backlash. Today at 15:00, Starknet (STRK) was claimed and began trading on exchanges. There have been numerous comments about the problematic nature of the claim process for STRK, with Binance continuing to make big moves one after another. Binance was the first to list STRK and has just made another announcement a few minutes ago.
Binance’s STRK Initiative
Binance has made another announcement regarding the STRK token it listed, announcing that the token will be added to its Earn, Convert, Margin, and Futures services. The announcement was as follows:
Dear Binancians:
We are excited to announce that Starknet’s (STRK) has been added to Binance Simple Earn and Binance Convert. Additionally, Binance will add STRK to Binance Margin, Binance Futures, and Binance Auto-Invest respectively on 2024-02-20 17:00 (UTC), 2024-02-20 17:00 (UTC), and 2024-02-22 00:00 (UTC).
What is the Price of Starknet (STRK)?
In the past few hours, STRK started trading on the Binance exchange at a level of $0.2 and within minutes rose to $7.7.
Despite some pullback during this period, at the time of writing, STRK was trading at $3.1.
Reaching a market value of 2 billion dollars within about an hour, the STRK token entered the market cap rankings at the 47th position.
The trading volume generated in the last hour exceeded 400 million dollars, and in just one hour, it climbed to the 25th position in the trading volume rankings.
In the recent surge of airdrop madness, while some users found what they were looking for, the debate over the STRK token seems set to continue for a while.
The requirement by Starknet for wallets to hold 0.005 ETH led to significant investor backlash.
