I recently noticed a detail while checking StarkNet news—the STRK unlock plan has been ongoing for the past few months. After the last unlock wave in December, I started paying attention to this project and found that it does have some technical merits, using zero-knowledge proof technology to build Ethereum layer two scaling solutions.

However, the current situation doesn't look very optimistic. The price of STRK has dropped from over $0.10 back then to $0.04 now, and in the past 24 hours, it’s still down by -10.43%. I looked at on-chain data, and indeed, a significant amount of unlocked tokens have flowed into exchanges, indicating holders are looking for opportunities to cash out. The regular unlocking of 127 million tokens every month will continue until March 2027, and this ongoing supply pressure definitely impacts the price.

From a technical perspective, STRK has seen upgrades over the past few months, like v0.14.1 and EIP-1559 fee market improvements, which sound promising. But in the short term, the selling pressure from unlocks seems to outweigh these positives. Some friends holding STRK around me are now watching closely, waiting to see if they can hold the $0.04 level, with the $0.096 Fibonacci support below.

Honestly, StarkNet news lately mainly revolves around this unlock cycle and the price decline. If you have confidence in the project's long-term development, the current price might be a buying opportunity. But for short-term trading, I suggest first checking the token flow on-chain carefully, and avoid getting caught in the unlock hype.