"Starknet's STRK Token Airdrop Sparks User Dissatisfaction and Plummeting Activity"

Starknet, an Ethereum rollup, has distributed 728 million tokens in what is being called the largest airdrop of the year. The token, STRK, began trading at $5 on Kucoin after the airdrop, with a fully diluted value of $35 billion and an actual market cap of $2.32 billion. Starknet aims to scale the Ethereum blockchain using zero-knowledge cryptography and layer-2 technology, and has already amassed nearly $55 million in total value locked since its launch in November 2021.