Starknet (STRK) Price Plummets Despite Vitalik Buterin’s $1M Token Grant

• STRK’s price swung between $1.29 and $1.18 in 24 hours. It is now at $1.20, with a 755% spike in trading volume.
• Vitalik Buterin receives $1M in Starknet tokens amid declining STRK market value.
• Starknet introduces Kakarot zkEVM, shifting to Solidity to boost developer adoption.

Starknet’s (STRK) price has been volatile in the last 24 hours, swaying between an intra-day high and low of $1.29 and $1.18, respectively. As of press time, STRK was trading at $1.20, a 2.72% decline from the intra-day high. While the 24-hour trading volume surged by 755% to $324.17M, a 2.72% decline in market capitalization to $1.37B accompanied this dip.

STRK/USD 1-day price chart (source: CoinMarketCap)

Concurrently, despite the strategic move to allocate a $1 million grant in locked Starknet tokens to Ethereum co-founder Vitalik Buterin, Starknet’s token price experienced notable market fluctuations. 

vitalik.eth(@VitalikButerin) unlocked and claimed 845,205 $STRK($1.07M) 2 hours ago.https://t.co/jKAXTJMDLq pic.twitter.com/9nV0Azn5bh

— Lookonchain (@lookonchain) May 24, 2024

The grant, intended to appreciate Buterin’s influence and contributions to blockchain tec…

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