Starknet (STRK) After a 68 Percent Rally: the October 15 Unlock Barely Registers

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.On October 15, 127 million STRK come free from StarkWare's unlock schedule, around $9.15 million. Calculated against daily turnover of $470 million, that is just under two percent of a trading day.Starknet (STRK) trades at $0.0721 on Friday midday, 6.4 cents, and has gained 68.4 percent in seven days. On October 15, the next monthly tranche from StarkWare's unlock schedule comes free: 127 million STRK. At today's price that is $9.15 million, or 1.7 percent of the circulating supply. Measured against daily turnover of around $470 million, the tranche amounts to about two percent of a trading day, making it the smallest unlock we have calculated in this series so far. The real question is therefore whether the date can lift or press the price at all. Anyone holding STRK or considering an entry has three things to settle: how large the tranche really is, how it relates to liquidity, and whether the layer 1 idea behind the rally has even been decided. All three can be checked with p...