October 19th 2026, 5:19 PM
STARKNET'S STARKNET RALLY REVERSES AS STRK SINKS 38% IN A WEEK
Key Summary
STARKNET's STRK token has plummeted 38% in a week, reversing the recent rally that saw the token surge 210% in four weeks. The decline is attributed to the cooling of sentiment and network activity following the detention of HEX founder Richard Heart in Istanbul, which sent shockwaves through the crypto market.
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Starknet’s DeFi TVL fell a smaller 5.3%, while voting on research into an independent Layer 1 remains open until Oct. 22.
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