STARKNET TOKEN STRK BEGINS TRADING AT $5 AFTER MAMMOTH AIRDROP

Summary from the TLDR Crypto newsletter

Starknet, an Ethereum rollup, airdropped 728 million tokens to around 1.3 million addresses, marking the biggest airdrop of the year so far. STRK fluctuated in price following the airdrop, reaching a high of $5 before falling back to $3.50, putting the total supply of 10 billion tokens at an FDV of $35 billion. Its current market cap is $2.32 billion. The tokens will be progressively unlocked over 31 months starting from April. This is a faster timeline than what is typical for unlocks in the industry.