Starknet Activity Spikes Then Settles After Airdrop Announcement Draws Speculators
• Starknet saw a spike in active wallet addresses around last week's airdrop announcement, reaching over 220,000 on Feb 14, but has since fallen to around 70,000 • Starknet previously saw an even higher spike in active wallets, nearing 400,000 on July 28, 2022 • Trading volume also spiked around the announcement but has now returned to more typical levels • Despite complaints around the airdrop criteria, total value locked on Starknet remains largely unchanged around $54 million • The drop in activity could reflect "airdrop farmers" who moved on after the token distribution details were revealed