BlockBeats News, January 15, according to... Hyperinsight Monitoring shows that yesterday's Solana official tweet, which claimed that Starknet's public blockchain had only 8 daily active users and 10 daily transactions, yet a $1 billion market cap, quickly sparked controversy and discussion within the crypto community. Against this backdrop, a whale labeled as the "Bear Market Leader" and another address starting with 0x023 both opened short positions on STRK with approximately 5x leverage. In the past few hours, both whales have partially closed their short positions to lock in profits. The average entry price for this operation was approximately $0.0897, with an overall return of about 15%.
Two Whales Short STRK Amid Starknet Valuation Debate, Partially Exit Positions
KuCoinFlashShare
Summary
Two major whale addresses, labeled as "Bear Market Leaders" and starting with 0x023, opened STRK short positions with 5x leverage amid shifting market trends. The move followed a valuation debate sparked by a Solana official tweet highlighting Starknet's $10 billion market cap versus low user activity. The whales partially exited, securing an average entry price of $0.0897 and a 15% return. Key support and resistance levels are now under close watch as traders assess the next move.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.