Starknet Price Jumps as Layer 1 Speculation Drives STRK Rally

Starknet’s STRK token rallied sharply on October 11 after comments from StarkWare CEO Eli Ben-Sasson fueled speculation that the Ethereum scaling network could become an independent Layer 1 blockchain. At the time of writing STRK trades at $0.11941, gaining 17.41% in the past 24 hours and reaching a session high of $0.12346. According to CoinMarketCap the token has gained 118% over the past 7 days as buying pressure mounted ahead of the architectural discussion. Open interest has increased 34.74% over 24 hours to $196.8 million, adding approximately $50.8 million in outstanding positions.