The Starknet token price jumped more than 50% to around $0.23 on Saturday, marking one of the strongest moves in a risk-off market amid Bitcoin’s drop below $96,000. STRK’s rally stood out as traders sought assets with both technical strength and improving fundamentals.
The surge came as sentiment across major assets deteriorated, with the Fear & Greed Index printing 18/100. Instead of piling into stablecoins, traders rotated into L2 networks showing measurable usage, and the Starknet price quickly climbed to the top of CMC’s daily gainers.
Analysts pointed first to the structure of the breakout. STRK had been pinned under the $0.197 resistance zone for days. This weekend’s move cleanly flipped that area into support with strong volume behind it.
CryptoPulse described the weekly chart as the clearest shift in momentum Starknet has seen since early summer, with reclaiming that level opening the path toward the next zone around $0.30.
Another analyst, Kantian, highlighted the same breakout but tied it to narrative traction. Starknet has expanded from scaling Ethereum to experimenting with Bitcoin and Zcash, and he argued that STRK is one of the few altcoins pairing technical strength with a coherent ecosystem story.
However, for the move to continue, STRK needs to hold $0.20–$0.21 through Bitcoin’s volatility. If that support holds, the breakout remains intact.
Staking Growth, On-Chain Activity, and Zcash Curiosity Boost Confidence
The rally also followed a major supply development: Starknet confirmed that 900 million STRK are now staked, representing 20% of the circulating supply and a 100% increase over last quarter. That supply contraction helped reinforce the breakout, especially as daily network usage also climbed.
Cross-chain interest added another layer. Developers from the Zcash ecosystem began circulating early-stage ideas for “Ztarknet,” a design that would let Zcash keep its privacy at L1 while using Starknet for execution. Traders viewed this as a credible collaboration narrative backed by developers rather than speculation.
On-chain data supported the shift. Artemis recorded more than 53,000 daily active users, rising Q4 revenue, and TVL above $231 million. Starknet also moved into the Top 5 for total value secured, surpassing $1 billion, reinforcing that activity on the network is growing rather than drifting.
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