The value of Starknet's STRK token increased by 10% after the developer firm, StarkWare, announced a reduction in the number of tokens set to unlock in April. The decision came after the firm faced criticism from members of its community. StarkWare has extended the unlock schedule and reduced the number of allocated tokens to earn trust from its community. The revised schedule will see 64 million tokens unlock on April 15, a 95% reduction from the originally planned 1.34 billion tokens. However, despite the positive news, STRK's price fell more than 70% to $1.9 after reaching a high of $7.6.
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Starknet's STRK Token Jumps 10% After Developer Extends Unlock Period Following Community Criticism
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