STRK Rallies 210% in Four Weeks as Starknet Considers Layer 1 Shift
AI Market Summary
STRK's 210% four-week rally is fading as social sentiment cools and network activity collapses — active addresses fell 63% and new wallets 81% within two days, with price down nearly 30% from its peak. A 127 million token unlock (~1.7% of circulating supply) adds near-term supply pressure. Top-10 wallet accumulation at April highs may cushion the downside, but the L1 pivot proposal remains unconfirmed and speculative.
Impact level
● Medium
Affected assets
STRK/USDT-15.85%
AI Insight · STRK/USDTAI Insight
▼ Bearish
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Starknet's STRK token surged 210% in four weeks, closing at $0.1232 on October 11. But network activity fell sharply, with active addresses down 63% and new wallets down 81% by October 13. The rally was driven by Starknet's consideration of becoming a Layer 1 blockchain and a plan for quantum resistance by 2027. Large holders hold 7.09 billion tokens. 127 million STRK tokens unlocked October 15.
