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Starknet's STRK token plunges up to 48% after a 385% rally amid DeFi weakness and profit-taking.

Protocol Fundamentals
19 Oct 2026
Crypto Briefing
View Source
Neutral
Starknet's STRK token plunges up to 48% after a 385% rally amid DeFi weakness and profit-taking.

Starknet's STRK token surged about 385% in under four weeks due to speculation about becoming an independent Layer 1 blockchain with post-quantum security. However, it then dropped between 38% and 48% in the following week, driven by profit-taking, monthly token unlocks adding supply, and broader weakness in decentralized finance. Despite the token's decline, Starknet's network activity remained relatively stable, with total value locked dropping only 5.3% and weekly revenue hitting a record $92,800. A community vote on whether to explore independence from Ethereum is ongoing, showing strong early support but no binding decision yet. Investors are watching the vote results, potential research or roadmap from StarkWare, and the impact of future token unlocks.

Following the recent volatility in Starknet's STRK token, it trades at Rp1.023 on Pluang as of Oct 20, 2026 00:42 WIB, down 5.28% in the past day. The token's market cap stands at Rp7.8 trillion with a 24-hour trading volume of Rp1.82 trillion. Pluang users show a buying interest with 63% buy orders and typically hold STRK for about 74 days, reflecting ongoing engagement despite recent price swings.

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