Significant STRK Transfers: Multi-Sig Wallet Activity Linked To Starknet

In the past 24 hours, a multi-sig wallet (0x22c), potentially associated with Starknet, transferred 2.5 million STRK tokens (approximately $1.74 million) to Binance, FlowTraders, and a new wallet (0x750).

This follows a recent transaction in which the wallet received 5 million STRK tokens from Starknet’s team. Shortly after, 750,000 STRK were transferred to Wintermute.

Currently, the multi-sig wallet still holds 3.75 million STRK, valued at roughly $2.59 million. Additionally, another wallet (0x0A6) holds a substantial 22.71 million STRK, worth about $15.75 million.

More Indicators To Monitor For STRK Token

Interestingly, the fully diluted valuation (FDV) of STRK is currently twice as high as its current market cap. This discrepancy suggests a high likelihood that the values will converge, at least partially, in the near future.

These significant movements of STRK tokens highlight the ongoing activity and strategic transactions within the Starknet ecosystem, indicating a potential impact on STRK’s market dynamics and valuation.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: hryshchyshen/123RF // Image Effects by Colorcinch