"Starknet's STRK Airdrop Sends Token Price Soaring"

Starknet has launched the airdrop for its STRK governance token, with over one million users eligible to claim tokens. Despite a 49% drop in value since going live, STRK has been listed on major exchanges and has a market capitalization of approximately $2 billion. The token allows holders to participate in governance, pay network fees, and stake for consensus. However, Starkware faced criticism for plans to unlock 1.3 billion tokens allocated to early investors just two months after trading began. Despite a sharp drop in network activity following the airdrop announcement, trading volume has shown signs of rebounding.