FxWirePro- Token Unlock this week(Starknet)

On December 15, 2024, Starknet (STRK) will unlock 64 million STRK tokens, about 3.05% of the total supply of around 2.25 billion STRK tokens. This unlock is part of a plan to distribute tokens to early supporters and investors. The purpose of releasing these tokens is to give these early contributors access to their investments, helping to align their interests with the growth of the Starknet ecosystem.

• Unlock date: December 15
• Number of tokens unlocked: 64 million STRK
• Current circulating supply: 2.25 billion STRK

Starknet is a permissionless decentralized ZK-Rollup that operates as an L2 network over Ethereum. Its Layer 2 (L2) blockchain enables any dApp to achieve massive scale for its computation without compromising Ethereum's compatibility and security.

The unlocked tokens will be allocated as follows:

Early contributors:  33.56 million tokens (1.67%)

Investors:  30.43 million tokens (1.67%)

STRKUSD support and resistance-

Resistance - $0.85

Support- $0.50