Starknet's STRK airdrop claimants dropped 72% post-Token Generation Event (TGE) due to a mix of strict eligibility criteria, community backlash, and market dynamics. Initially, 1.3 million wallets were eligible for 700 million STRK tokens, but only 500 million were claimed by June 20, 2024, leaving 400 million unclaimed. Controversy arose from requirements like holding 0.005 ETH during the November 2023 snapshot, disqualifying many active users. This, coupled with perceived unfairness and airdrop farming exploits, frustrated the community. Post-TGE, STRK’s price crashed 92% from $7.41 to $1.87, driven by sell-offs from hunters and entities like Nethermind, eroding trust. Unclaimed tokens were recycled for future rounds, but the initial hype faded, slashing claimant numbers.
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I just collected "Farcaster: Lion"
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Love is when you support each other’s personal growth, knowing it makes the relationship stronger.
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