A new move came from Ethereum (ETH) co-founder Vitalik Buterin, who has positively affected the market and the price of the relevant altcoin with his posts and statements.
Accordingly, Vitalik Buterin unlocked StarkNet (STRK) worth $469.51 thousand.
Vitalik Buterin, one of the first individual investors of StarkNet, withdrew the STRK tokens that were reserved for him and waiting locked to his wallet.
According to Arkham data, Ethereum co-founder Vitalik Buterin unlocked and withdrew 1.268 million STRK (worth $469,510) from Starknet’s locked token grant address starting with 0xAcc to the Gnosis Secure Proxy address (starting with 0x220).
Vitalik Buterin currently holds a total of 2.113 million STRK worth around $781,000, making it the most valuable altcoin in his wallet after ETH.
Buterin has not yet made any transactions with more than 1 million STRK tokens, and it is not yet known what he will do.
However, while Buterin unlocking and withdrawing STRK tokens to his wallet increases the likelihood of a sale, analysts do not expect the sale of approximately $470,000 to have a significant impact on the price, considering STRK’s daily volume and market value.
Apart from Ethereum (ETH) and STRK, Buterin's wallet also contains various altcoins such as WETH, KNC, SDOG, DEGEN.
STRK, which spiked to $7 after being listed on Binance in February but then retreated to $1, has been on the rise in recent hours and continues to trade at $0.38 at the time of writing, up 5%.
*This is not investment advice.