Starknet (STRK) has surged 15% in the past 24 hours, extending its weekly rally to 25%, driven by the recent Shinobi upgrade and a significant token transfer. The upgrade, which went live on the mainnet, introduced privacy infrastructure, allowing transactions to be proven without revealing full balance sheets. This development has spurred increased trading activity, with STRK's volume jumping by 110%.
Following the upgrade, Starknet transferred 1.5 billion STRK tokens, valued at $55.13 million, to a multisig wallet, signaling potential long-term accumulation and integration plans for Bitcoin transactions and ERC-20 support. Despite recent gains, STRK's price faces resistance at $0.040, with potential for a 50% correction before further upward movement.
Starknet Surges 15% Following Shinobi Upgrade and Major Token Transfer
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