Starknet’s STRK token plummeted more than 12% on November 23, 2025, driven by a wider cryptocurrency market downturn and looming token unlocks that are fueling investor uncertainty.
The layer-2 Ethereum scaling solution’s native token fell 12.15% within 24 hours to trade at USD $0.154.
This sharp correction aligns with broader market volatility, particularly a 5% pullback in Bitcoin which often drags down altcoins.
Investor apprehension is also heightened by scheduled STRK token unlocks, with reports indicating these programmed releases, similar to those in 2024, are generating fear among holders.
The token’s market capitalization stood at USD $703.5 million, while its daily trading volume surged by 38.77% to USD $408.3 million compared to its 30-day average.
The increased volume signals significant trading activity and liquidity as prices decline.
STRK exhibits a high correlation of 0.85 with Bitcoin, making it particularly susceptible to movements in the leading cryptocurrency.
Technically, the token broke a key support level at USD $0.168 and its 14-day Relative Strength Index (RSI) indicated it was in an oversold zone at 28.
Despite the price drop, Starknet’s ecosystem shows some underlying strength, with a Total Value Locked (TVL) of USD $500 million, surpassing the sector average for layer-2 solutions by 20%.
Daily transactions on the network increased by 5% to 50,000, though the number of active holders remained stable at 200,000.
The token has experienced a dramatic fall of 99.82% from its all-time high, positioning it as a mature asset with its value increasingly tied to on-chain utility rather than speculative hype.
Social media sentiment regarding STRK is mixed, reflecting divided opinions between those highlighting its scalability narrative for Ethereum and those concerned about its inherent volatility.