Vitalik Buterin received a donation of $1M in locked Starknet tokens, highlighting his influence and ongoing contributions to the blockchain ecosystem.
The co-founder of Ethereum, Vitalik Buterin, has received a donation of one million dollars in locked Starknet tokens. This is a huge step for the blockchain world. Not only does this move highlight Buterin’s continuous influence and contributions to the blockchain ecosystem, but it has also had a beneficial impact on the market, as evidenced by the considerable shift in the price of Starknet’s native coin.
We anticipate that Buterin’s involvement with Starknet will spur further innovation and development within the Ethereum Layer 2 (L2) solutions. This highlights the significance of his efforts for the blockchain sector as a whole.Today, Vitalik Buterin was able to unlock and collect 845,205 STRK from the Locked Token Grant contract of the Ethereum L2 network Starknet.
Vitalik Buterin’s Token Unlock and Investment
This contract has a value of about $1.07 million. This transaction represents a significant milestone for Starknet, but it also highlights Buterin’s involvement in the company, not only as a co-founder of Ethereum but also as an early and dedicated investor in Starknet.
It is clear that he has faith in Starknet’s capacity to improve Ethereum’s scalability and efficiency, as seen by his early investment and the subsequent unlocking of tokens. However, the purposeful release of these tokens to Buterin is a reflection of a larger plan that aims to reward key contributors and thought leaders in the blockchain ecosystem to promote and advance Starknet’s technological foundation and acceptance.
We anticipate that this collaboration will spur further innovation and heighten awareness of Starknet’s growing role in the Ethereum ecosystem. The announcement of Vitalik Buterin’s token grant immediately led to a significant increase in the price of Starknet (STRK). STRK’s current price is $1.36, and its trading volume for the past 24 hours has been $225.2 million.
In the previous twenty-four hours, this was a price increase of 2.29%, and over the course of the past seven days, this marked an impressive 11.57% gain. The fact that there are currently 1.1 billion STRK in circulation has contributed to Starknet’s positive market performance, which has resulted in the company’s market value reaching approximately $1.4 billion.
The favorable price movement has occurred due to the market’s upbeat mood following the grant announcement and the broader realization of Starknet’s potential to alleviate Ethereum’s scalability difficulties. The recent spike in Ethereum price is a direct result of investors’ growing perception of Starknet as an essential component in Ethereum’s future. This observation highlights the significance of Starknet in the ever-changing environment of blockchain technology.