Per Lookonchain, Ethereum co-founder Vitalik Buterin has recently unlocked and received 845,205 STRK tokens from the Locked Token Grant contract of the Ethereum L2 network StarkNet. This transaction, reported by Lookonchain, took place on May 24, 2024, at 04:02:11 a.m. UTC and was confirmed within 30 seconds. The value of these tokens is approximately $1.07 million.
The transaction was initiated from the address associated with Vitalik Buterin, known as vitalik.eth. The recipient address for this substantial transfer was 0x220866B. It is notable that no ETH was transferred as part of this transaction. The transaction fee for this transfer was 0.000875024848155905 ETH, which is roughly equivalent to $3.27.
Vitalik Buterin is not just a co-founder of Ethereum but also an early individual investor in StarkNet. His involvement in the project underscores his continued commitment to advancing the Ethereum ecosystem through innovative layer 2 solutions. The transfer of 845,205 STRK tokens from the Locked Token Grant highlights ongoing efforts to incentivize and reward contributions to the StarkNet ecosystem.
As of today, the price of StarkNet (STRK) is $1.20, with a 24-hour trading volume of $231,383,798.07. This price represents a 2.17% decline over the past 24 hours. However, there has been a 5.67% increase in the price over the past seven days. The current circulating supply of STRK stands at 1.1 billion, giving StarkNet a market capitalization of $1,372,257,232.
Vitalik Buterin’s receipt and transfer of a substantial amount of STRK tokens is a notable event for the StarkNet community. It highlights the ongoing distribution of tokens from the Locked Token Grant, aimed at fostering the development and growth of the network. As an influential figure in the cryptocurrency space, Buterin’s actions may also draw attention to StarkNet and its potential within the broader Ethereum ecosystem.
