{"id":13299,"date":"2025-10-14T05:43:14","date_gmt":"2025-10-14T05:43:14","guid":{"rendered":"https:\/\/bitunikey.com\/news\/starknet-price-struggles-to-hold-support-as-16m-unlock-nears\/"},"modified":"2025-10-14T05:43:18","modified_gmt":"2025-10-14T05:43:18","slug":"starknet-price-struggles-to-hold-support-as-16m-unlock-nears","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/starknet-price-struggles-to-hold-support-as-16m-unlock-nears\/","title":{"rendered":"Starknet price struggles to hold support as $16M unlock nears"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Starknet price is under selling pressure ahead of a major token unlock.<\/p>\n<div id=\"cn-block-summary-block_e76a882c649a1bd361f0e448e38b95ed\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Starknet has dropped 30% this week ahead of $16M token unlock.<\/li>\n<li>Derivatives activity declines, showing weaker market momentum.<\/li>\n<li>Unlock may add further selling pressure as circulating supply increases.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Trading at $0.127 as of press time, the token has lost 30% in the last week and 4.3% in the last day. Trading volume fell sharply to $72.1 million, a 29% daily drop, showing reduced market activity.\u00a0<\/p>\n<p>According to CoinGlass <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/STRK\/futures\" target=\"_blank\" rel=\"nofollow\">data<\/a>, derivatives metrics also weakened. Starknet (STRK) futures volume is down 23% to $154.5 million, while open interest has slipped 11.6% to $56.5 million. This suggests that traders are closing positions rather than adding new ones.<\/p>\n<h2 class=\"wp-block-heading\">STRK token unlock adds downside risk<\/h2>\n<p>Starknet faces a potential wave of selling pressure as 120 million STRK tokens, worth around $16.15 million, are set to be unlocked. The event, as per Tokenomist <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/tokenomist.ai\/starknet\" target=\"_blank\" rel=\"nofollow\">data<\/a>, will release roughly 5.6% of the circulating supply into the market. So far, only 22% of the total 10 billion STRK tokens have been unlocked.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Token unlocks can weigh heavily on price, particularly when market sentiment is already weak. The token currently has a market capitalization of $549.9 million and a fully diluted valuation of $1.26 billion.<\/p>\n<p>Unless new liquidity or strong demand enters the ecosystem, traders expect short-term pressure to persist as recipients of the unlocked tokens take profit or rebalance their portfolios.<\/p>\n<h2 class=\"wp-block-heading\">Starknet price technical analysis<\/h2>\n<p>On the charts, Starknet continues to show signs of weakness. At 45.3, the relative strength index shows neutral momentum and no clear signs of a reversal. MACD and momentum indicators are negative, pointing to a continuation of the bearish trend, while the average directional index at 33.4 indicates moderate selling strength.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Starknet daily chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>The bearish setup is strengthened by the majority of short- and medium-term moving averages, ranging from the 10-day to the 200-day, which are sitting above the current price. Support is at $0.10, and the 200-day EMA, which is close to $0.175, is still a significant resistance zone.<\/p>\n<p>A sustained break below this level could push the token toward new local lows, while a bounce above $0.15 would be the first sign that buyers are attempting to regain control.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Starknet price is under selling pressure ahead of a major token unlock. Summary Starknet has dropped 30% this week ahead of $16M token unlock. Derivatives activity declines, showing weaker market&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=13299"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13299\/revisions"}],"predecessor-version":[{"id":13300,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13299\/revisions\/13300"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11194"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}