Starknet Active Addresses Fall 63% After STRK's 210% Four-Week Surge

Activity Collapse Follows a 210% Run

Active addresses on Starknet (STRK) fell 63% within two days of the token's price peak, and the count of newly created wallets dropped 81% over the same window, on-chain data from the analytics firm Santiment shows. The network logged 2,823 active addresses and 1,166 new wallets on October 11, the day STRK closed at $0.1232, with new wallet creation running at roughly thirteen times the recent average. By October 13 both gauges had collapsed, and the token had surrendered about 30% of its value from that closing level. For a rally of this size, address growth had been the clearest on-chain confirmation that participation was broadening, and that confirmation has now disappeared.

The reversal interrupted one of the market's strongest monthly runs. STRK gained 122% between October 8 and October 11, part of a cumulative 210% advance across the previous four weeks for the Starknet token, an Ethereum layer-2 network that settles transactions with validity proofs.

Attention moved with the price: Santiment has logged nine separate spikes in the network's share of social media discussion, the largest landing on October 8. Fresh supply compounded the turn. On Thursday approximately 127 million Starknet (STRK), about 1.7% of circulating supply, came out of lockup. The token traded near $0.0736 at 21:50 UTC on Friday, down 16.7% across 24 hours, after an end-of-session reading recorded a 17.33% daily loss. An earlier note on this desk tracked a 15.1% slide from the October peak at $0.1265.

From -0.51 to +12.44 in Three Days

Sentiment data filled out the same picture of a crowded trade. At the October 8 social spike the daily sentiment gauge still read -0.51, mildly negative despite the size of the move. It turned sharply higher as price extended, reaching +12.44 on October 11, and the weekly measure printed 38.46, a figure more than double any weekly reading of the previous six months. That stretch, followed by the collapse in activity, is the sequence behind the correction.

Large balances are the counterweight: the ten addresses holding the most Starknet (STRK) carried a combined 7.09 billion tokens, the highest level since April, a concentration presented as a factor that could soften selling pressure. The unlock was small next to those balances, but it landed while demand was contracting, which magnifies its effect on the tape. The rally itself drew on a technical pivot announced on October 8, when Starknet said it is exploring conversion from an Ethereum layer-2 design into an independent layer-1 blockchain. The plan included a commitment to make the network resistant to quantum-computer attacks by next year. Chief executive Eli Ben-Sasson warned that quantum threats could arrive faster than expected, noting that while the network's ZK-STARK proofs are built for that threat, a layer-2 structure still leans on the underlying security of Ethereum. A community vote on the review is open, and our earlier report details the seven-day vote on a quantum-safe L1 . The switch itself has not been decided, and that undecided roadmap is the piece of the story investors cannot yet price. Our composite support and resistance scoring puts the nearest floor at $0.0712, scored 71 out of 100, with the nearest resistance at $0.0888 on a moderate 54/100. The spot market sits at $0.0736, a shade above that floor, so the $0.0712 shelf is the level that has to hold: a defended floor keeps the composite trend reading intact, alongside a bullish MACD signal and an RSI of 54.62. A break of $0.0712 would aim the tape at deeper support and would hand unlock recipients cleaner exit liquidity on the way down. Perpetual positioning is modest next to the spot move, with open interest at $78.6 million and funding at 0.0058%, so the drawdown has run on spot supply rather than leverage. The full STRK technical analysis page updates continuously on our desk.