Starknet's STRK token surged 210% over four weeks but shows signs of momentum loss with declining network activity and cooling social sentiment.
Tech & Launches ·
Starknet's STRK token climbed 210% over four weeks, reaching a peak of $0.1232, yet recent activity metrics raise questions about the durability of the advance. According to analysis, social sentiment peaked on October 11 before cooling, while active addresses and new wallet creation declined significantly, suggesting momentum erosion.
The rally coincided with discussion around Starknet's possible shift from an Ethereum Layer 2 to an independent Layer 1 blockchain, a move framed as addressing quantum risks. No official confirmation of such a transition has been announced.
The combination of retreating on-chain engagement metrics and weakening sentiment leaves open whether STRK can sustain current levels or faces further pullback in coming weeks.