The highly anticipated Ethereum-based altcoin, Starknet (STRK), has begun its airdrop distribution and is set to be listed on multiple exchanges. With popular exchanges like Binance, Kucoin, and Bybit announcing their support for STRK, the price of the token has seen a significant increase.
Binance, for example, will be listing STRK with several trading pairs, including STRK/BTC, STRK/USDT, STRK/FDUSD, and STRK/TRY. This listing has already helped push the price of STRK above , although it has since settled at .23.
Similarly, Kucoin and Bybit listings have also contributed to the surge in STRK’s price, with it surpassing after being listed on Kucoin and rising above following the Bybit listing.
Moreover, Binance has announced an airdrop for STRK, distributing a total of 10,178,000 tokens to users who stake Ethereum on the exchange. This move is part of Starknet Foundation’s larger distribution plan, which aims to distribute around 700 million tokens to approximately 1.3 million eligible addresses, including early users of ecosystem dapps, network contributors, and open-source developers.
In a statement, the Starknet Foundation emphasized that this distribution is just a segment of the 900 million STRK tokens allocated. It is important to note that this information is not investment advice.