Starknet almost lost its place in the top 100 today. During this period, Ethereum inventor Vitalik Buterin sent 2.09 million STRK to Binance. The altcoin almost fell to an all-time low before today’s crypto surge. However, he later managed to recover.
Ethereum inventor sells another two million STRK at a loss!
cryptokoin.comAs you follow from , the market is celebrating Donald Trump’s victory today. While the leading crypto Bitcoin broke a new record, the altcoin market also revived. However, some tokens fell to lower levels during the day. Ethereum inventor Vitalik Buterin dumped one of them, Starknet’s STRK tokens, into Binance. In this context, Buterin carried a total of 2.09 million STRK. Vitalik’s STRK is worth approximately $800,000 at current prices.
Source: Onchain LensThis mysterious transaction was noticed by on-chain watchdog Onchain Lens. Analysts also stated that Buterin could sell STRK for a loss of $714,000. If this is true, Ethereum inventor STRK may be almost done selling its stake. Because you will only have 15,862 tokens left. As you may remember, Vitalik Buterin is one of the seed investors of Starknet (STRK). The token was among its largest holdings, along with Ethereum. Last September, STRK made headlines by unlocking its holdings. Many analysts interpreted this as a bearish factor for STRK.
STRK lost 90% of its value compared to ATH
Meanwhile, STRK has become one of the worst performing cryptos in the top 100 today. Launched on the Mainnet on February 20, 2024, the asset lost almost 90% of its value. Before the token’s rise, it hit a low of $0.34, which was only slightly better than the ATL high it recorded in August. However, it later managed to recover and climbed above $38.
Starknet: We broke the transaction speed record among Layer-2s!
Elsewhere, Starknet announced that it broke the transaction per second (TPS) record among Ethereum layer-2 networks. According to the team, Starknet reached “127.5 maximum TPS in the last 24 hours.” “The milestone occurred during a gaming stress test called ‘Dress rehearsal for mass use via L2s,’” a press release said. A Starknet spokesperson referred to the L2Beat website. In this context, he said that this success knocked Coinbase’s layer-2 network, Base, from the top spot. He also noted that Base beat its 24-hour record TPS of 79.92 TPS “by a huge margin.” A spokesperson made the following statement on the subject:
Overall, Base’s mission is to bring a billion people on-chain, and we know we can’t do it alone. Faster and cheaper on-chain transactions are an important step towards making this technology more accessible to everyone. We believe that rising tides raise all boats, and we are pleased to see progress towards even faster on-chain transactions across the ecosystem.
Graph claiming to show Starknet breaking the TPS record. Source: Starknet
