Starknet's STRK Slides 15.1% in 24 Hours From $0.1265 October Peak

Starknet (STRK) has lost 15.1% of its value over the past 24 hours, trading at $0.0868 at the time of writing, and ranking data placed the token as the worst performer among the top 300 cryptocurrencies during the session. Trackers measured the slide at 27.9% by 07:07 UTC on Tuesday before the price pared part of the loss, recovering 2.6% into the current level. The drop cuts into a run that had lifted STRK to ten-month highs: even after the pullback, the token holds a 213.82% gain over the past month. The rally gathered pace after Starknet said in an October 8 post that it is weighing a move from an Ethereum Layer 2 to a standalone Layer 1, built to withstand quantum attacks, with 2027 set as the target. The pitch taps a wider debate over whether advances in quantum computing could break today's blockchain encryption sooner than many expect. The altcoin then climbed to an intraday high of $0.1265 on October 11, its highest price since early December, and co-founder Eli Ben-Sasson echoed the message from the TOKEN2049 stage the same day, writing that the market wants the network as a quantum-safe Layer 1. Adoption metrics spiked into the top: network growth, a count of brand-new addresses, set a record of 1,166 new wallets in a single day, and active addresses reached 2,822 on October 11, on-chain data shows. That beat the 2,579 recorded on February 21, 2024, the day after Starknet (STRK) printed its $4.41 all-time high. Santiment wrote on X that the timing fits a classic FOMO setup: new participants rush in once a rally is already visible, crowding buying near the top and raising the odds of a short-term retrace. Selling pressure also came from the broader market, where total crypto market capitalization fell 4%.

@Starknet · X post

October 8 post.

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127 Million STRK Unlock Due October 15

STRK, the network's governance token, now faces a supply test of its own. On Thursday, October 15, Starknet will unlock 127 million Starknet (STRK), equal to 3.37% of the token's released supply, according to Tokenomist unlock data. Early contributors are set to receive 66.61 million STRK from the batch, while investors receive 60.39 million. At the current price the release is worth more than $11 million, and it belongs to a monthly schedule that routes tokens to these two groups through March 2027. Scheduled releases of this kind move tokens out of insider allocations and into circulating supply, which is why unlock dates often precede heavier trading. This month's batch arrives while STRK still holds its 213% monthly gain, so recipients who take profits would add fresh selling to a market already cooling from its peak. Investors weighing whether to sell or sit through the drawdown can consult our playbook on how to survive a crypto crash. Demand from the largest wallets has held up so far: the top 10 addresses on the network now hold about 7.09 billion STRK, their highest combined balance since April, and the analytics firm noted that retail enthusiasm cooled while these wallets kept growing their positions. The token has already shown how quickly momentum can fade at these levels: our earlier coverage tracked a 10.5% slide below the $0.1257 test to $0.1074 after the weekly run stalled. The October 15 release will show whether the largest holders keep absorbing supply once it reaches the market.

$0.0877 Resistance Before Unlock Week

The spot price sits just below the strongest overhead barrier in our composite support and resistance model: $0.0877, rated 97/100, where a Fibonacci retracement and the Ichimoku Tenkan line converge. The first strong floor is $0.0764, scored 98/100, and our STRK technical analysis still reads the broader trend as positive, with a 62.24 RSI, a bullish MACD signal and an uptrend on the tape. Perp open interest stands at $69.5 million and the funding rate reads 0.0025%, a mild long bias rather than crowding. A rejection at $0.0877 would hand the 127 million token unlock a weaker tape to land in; holding $0.0764 is what keeps the uptrend intact through unlock week.