Historical replay · STRK/USD
Starknet's Steady Post-Launch Climb (Early 2024)
After a chaotic opening spike, Starknet's STRK token spent the following three weeks grinding higher — a less common outcome than the sell-the-news pattern that followed most other large airdrops.
Starknet is a zero-knowledge (ZK) rollup Layer-2 network built on Ethereum, using a different scaling technology (validity proofs) than the "optimistic rollup" approach used by Arbitrum and Optimism. It launched its STRK token on February 20, 2024, distributing a large airdrop to early users and developers.
The opening minutes followed the now-familiar chaotic pattern seen across nearly every large token launch: STRK's earliest trades briefly printed as high as $7.71 against a $0.20 reference price, before settling to a close near $1.97 by the end of the first day.
What followed was less typical than the sell-the-news declines seen in most other airdrop launches covered elsewhere on this site: rather than grinding steadily lower, STRK climbed from that first-day close to a peak near $2.68 by March 12-13 — a gain of roughly 36% over three weeks, before eventually rolling over into a decline of its own in the weeks after.
Starknet's post-launch behavior is a useful counterexample to the "airdrops always sell off" pattern that shows up repeatedly elsewhere in this replay collection — the underlying mechanics that pressure a token lower after a large free distribution are real and common, but they aren't universal, and a specific token's actual supply-and-demand balance in the weeks after launch still determines the outcome case by case.