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<p>Ethereum co-founder Vitalik Buterin recently deposited 2.09 million STRK tokens worth approximately $799,000 to Binance, according to Onchain Lens.</p> 
<h2 id="vitalik-buterin-deposited-2-09-million-strk-tokens-on-binance-lost-714-000-in-value">Vitalik Buterin Deposited 2.09 Million STRK Tokens on Binance, Lost $714,000 in Value</h2> 
<p>This transaction comes after Buterin acquired these tokens over the past five months, during which time the value of the tokens has fallen from an initial $1.51 million to a loss of $714,000. Buterin currently holds a balance of 15,862 STRK tokens, worth around $6,000.</p> 
<p>Buterin’s connection to StarkNet dates back to May 2018, when he participated in a $6 million seed round to support the project. The exact size of Buterin’s investment in that round was not disclosed.</p> 
<h2 id="what-is-starknet-strk">What is Starknet (STRK)?</h2> 
<p>Starknet (STRK) is a Layer-2 network based on Validity-Rollups, also known as Zero-Knowledge Rollups (ZK-Rollups). Based on Ethereum (ETH), this network provides high scalability for decentralized applications with its innovative rollup technology.</p> 
<p>Starknet leverages ZK-Rollups, allowing thousands of transactions to be processed off-chain and then rolled into a single transaction on the Ethereum mainnet.</p> 
<p>This approach significantly reduces gas fees and network congestion typically associated with high transaction volumes on Ethereum, making blockchain applications more efficient and accessible to a wider audience.</p> 
<p>*This is not investment advice.</p> 
<p><b> Continue Reading: <a href="https://en.bitcoinsistemi.com/ethereum-founder-vitalik-buterin-lost-thousands-of-dollars-on-this-altcoin-investment-here-are-the-details/">Ethereum Founder Vitalik Buterin Lost Thousands of Dollars on This Altcoin Investment! Here Are the Details</a></b></p>

Ethereum Founder Vitalik Buterin Lost Thousands of Dollars on This Altcoin Investment! Here Are the Details

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