Starknet's STRK Token Jumps 10% After Developer Extends Unlock Period Following Community Criticism
The value of Starknet's STRK token increased by 10% after the developer firm, StarkWare, announced a reduction in the number of tokens set to unlock in April. The decision came after the firm faced criticism from members of its community. StarkWare has extended the unlock schedule and reduced the number of allocated tokens to earn trust from its community. The revised schedule will see 64 million tokens unlock on April 15, a 95% reduction from the originally planned 1.34 billion tokens. However, despite the positive news, STRK's price fell more than 70% to $1.9 after reaching a high of $7.6.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cardano Sees Massive Surge in Smart Contracts in 2024
US ‘far behind’ on crypto, election no quick fix — Ripple APAC boss
Judges quiz CFTC, Kalshi over US election markets offering
Deep Dive | September 20th
All the latest updates from the Swell ecosystem, including Swell L2 development and the launch of swBTC.