Deep Dive
1. Token Unlock Schedule (Bearish Impact)
Overview:
38.21% of STRK’s total supply (3.82B tokens) allocated to early contributors and investors will gradually unlock through March 2027. Monthly unlocks include 64M STRK (0.64% of supply) until March 2025, then 127M/month until 2027.
What this means:
Historical patterns suggest token unlocks often trigger short-term sell-offs. With STRK already down 64% YoY (Starknet docs), sustained unlocks could suppress price recovery unless offset by staking demand or ecosystem growth.
2. Bitcoin Staking Integration (Bullish Impact)
Overview:
Approved SNIP-31 allows BTC holders to stake tokenized Bitcoin (WBTC, tBTC) on Starknet for STRK rewards, with BTC contributing 25% to validator power. Launch expected by late September 2025.
What this means:
This bridges Bitcoin’s $1.3T market cap with Starknet, potentially attracting BTC holders seeking yield. Increased network utility could drive STRK demand as the dominant governance/staking asset (75% weight), though success hinges on adoption.
3. v0.14.0 Upgrade Risks (Mixed Impact)
Overview:
The Sep 1 upgrade introduces decentralized sequencers (Tendermint consensus) and EIP-1559-style fees. However, a 4-hour outage post-upgrade on Sep 2 (MEXC News) raised stability concerns.
What this means:
Successful implementation could position Starknet as a top-tier L2 (current TVL: $538M), but repeated technical issues may erode developer/user confidence. Price may hinge on proving post-upgrade reliability.
Conclusion
STRK’s trajectory balances supply inflation risks against ecosystem catalysts like BTC staking. Watch unlock-driven sell pressure (next unlock: ~127M STRK on Sep 15) and post-upgrade network stability. Can Starknet’s Bitcoin integration offset dilution fears, or will unlocks dominate the narrative?