Starknet ($STRK ) is down 95%.
This isn’t just about one token—it's a symptom of a broken playbook draining the market.
Here’s what happened:
Listed 14 months ago
Backed by StarkWare ($8B valuation in 2022)
Launched at a $2.8B market cap
Now ~$360M
FDV still $1.23B
Tokenomics? A slow rug.
Circulating supply: 8% → 30%
Inflation over next year: ~100%
Usage: negligible
Daily fees: <$500
This is the standard VC playbook:
1. Fund a project
2. Hype it
3. List at an inflated valuation
4. Retail = exit liquidity
5. Rinse & repeat
Stats (YTD till April 1st 2025):
27 tokens listed on Binance
Only 3 have positive returns
This is why there's no alt season, no liquidity, no retail enthusiasm.
