Starknet Token Launch Left in Mystery as Whale Receives Mammoth Airdrop

• STRK token saw a $3 million airdrop consolidated into a single wallet.
• STRK dipped to $3.50, experiencing a 13.69% decrease.
• Starknet’s token boasts a $1.58 billion 24-hour trading volume.

Lookonchain shared, in an X post, that an anonymous wallet received an airdrop worth $3 million via 1,361 wallets. Specifically, the airdrop featured 1.432 million STRK, the native token for the Ethereum layer-2 scaling solution Starknet. 

According to reports, Starknet commenced distributing 700 million tokens to approximately 1.3 million addresses as it marked the airdrop’s official launch. The token distribution plan allocates 50.1% to the Starknet Foundation for community programs, 24.68% to early contributors, and 32% to StarkWare employees and partners.

STRK, touted as the “largest airdrop of the year,” began trading at $5 on…

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