In recent days, Starknet (STRK) has divided the crypto community with its eligibility conditions, encountering significant backlash. The requirement of holding at least 0.005 ETH eliminated many users, which sparked widespread reactions. Yesterday afternoon, when the claim page went live, the project experienced issues, and the price of STRK surged to $7 at the start of trading but quickly fell shortly after. Moments ago, the globally recognized Coinbase exchange announced the listing of the altcoin.
Starknet (STRK) to Be Listed on Coinbase
According to the announcement by Coinbase, Starknet will be listed on the exchange, exciting many investors dedicated to the project. The statement by the exchange’s X account was as follows:
Coinbase will add support for Starknet (STRK) on the Ethereum network (ERC-20 token). Do not send this asset through other networks, or you may lose your funds. Transfers for this asset are available at the following address: @Coinbase & @CoinbaseExch in supported regions. The contract address for Starknet (STRK) on the Ethereum network (ERC-20 token) is 0xCa14007Eff0dB1f8135f4C25B34De49AB0d42766.
What’s the Price of Starknet (STRK)?
While it’s a known fact that Coinbase listing announcements can significantly impact prices, STRK’s sensational market entry seems to have prevented any major effects on the altcoin. Investors who encountered issues on the claim page yesterday were unable to sell their tokens at desired prices, leading to significant criticism of the project.
In the first minutes of trading, STRK rose above $7 on the Binance exchange but later fell to the $1.6 region. As of the time of writing, according to CoinMarketCap data, STRK has seen a drop of over 10% in the last 24 hours, trading at $1.91.
The market cap has also fallen by more than 10% to below $1.4 billion. However, there has been a 52% increase in the 24-hour trading volume, pushing the value above $1.3 billion. Despite the drop in market cap, this increase in trading volume could indicate triggered sell-offs that may take the price drop to another dimension.
