StarkNet (STRK) Price Jumps 11% As StarkWare Changes Token Unlocking Schedule

Bhushan Akolkar
February 23, 2024 Updated May 27, 2025
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Why Starknet Price Falling? Will STRK Recover?

Highlights

  • StarkWare takes community feedback and drops Starknet token unlock from 13.4% to 0.64%.
  • StarkNet plans to release 64 million each month going forward.
  • As per StarkWare, the token unlocking can continue up to March 2027.

StarkNet’s native cryptocurrency STRK has registered an 11% surge in its price in the last 24 hours moving all the way to $2.10. This comes as a major relief for StarkNet as the altcoin faced huge selling pressure after the STRK token airdrop.

The recent STRK price rally is that StarkWare, the blockchain company behind the Layer 2 scalability protocol Starknet, has adjusted the token release structure for its token STRK.

StarkWare Undertakes Gradual Unlocking of STRK Tokens

According to an official statement, StarkWare has decided to implement a more gradual unlocking process for STRK. In response to concerns raised by users, the company has reduced the initial token release from 13.4% to 0.64%. This adjustment aims to address feedback suggesting that releasing a large portion of tokens to a select few at launch could be perceived as “predatory”.

StarkWare clarified that tokens held by early contributors and investors of StarkNet are under a lockup period. These parties played a crucial role in supporting StarkWare during its research and initial development of Starknet.

About one-third of the tokens held by these early contributors and investors, totaling around 1.3 billion tokens, were scheduled to unlock on April 15th. Initially, StarkWare scheduled the token launch for November 29, 2023, but later postponed it by five months to April 15, 2024

StarkNet Token Unlocking Plan

Under the revised plan, only 64 million tokens, equivalent to 0.64% of the total 10 billion StarkNet tokens, will be unlocked on April 15. Subsequently, an additional 64 million tokens will be released each month. Starting from March 15, 2025, the monthly token release will escalate to 1.27% (127 million tokens) and persist for the subsequent two years.

With the updated unlocking schedule, 580 million tokens held by early contributors and investors are set to be unlocked by the close of 2024, contrasting with the initial plan of unlocking 2 billion tokens within the same timeframe. Additionally, 1.4 billion more tokens will gradually become available by the end of 2025, followed by the unlocking of another 1.5 billion tokens by the end of 2026. Lastly, 380 million tokens are earmarked for unlocking by March 15, 2027.

With today’s rally, the StarkNet price has managed to cover the lost ground but still trades 11% down on the weekly chart.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.