Vitalik Buterin received $1 million in Starknet, STRK price increased by 3%

Today, Vitalik BUTERIN unlocked and received 845,205 STRK as part of the Ethereum L2 Starknet Locked Token Grant contract worth approximately $1.07 million. This deal marks a notable milestone for Starknet, highlighting Buterin’s involvement not only as a co-founder of Ethereum, but also as an early and committed investor in Starknet. His early investment and recent token unlock demonstrate his confidence in Starknet’s ability to improve Ethereum’s scalability and efficiency.

The release of these tokens to Buterin reflects a broader strategy aimed at incentivizing key participants and thought leaders in the blockchain community to support and promote Starknet’s technological framework and adoption. This participation is expected to catalyze further innovation and bring more attention to Starknet’s growing role in the Ethereum ecosystem.

Amid this event, the price of Starknet (STRK) increased noticeably. At the time of writing, STRK is trading at $1.36 with a 24-hour trading volume of $225.2 million. This represents a price increase of 2.29% over the past 24 hours and an increase of 11.57% over the past seven days. Starknet’s market performance is supported by a circulating supply of 1.1 billion STRK, giving it a market capitalization of approximately $1.4 billion.

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