Etherem Founder Vitalik Buterin Gains $1M Worth of Starknet Tokens in Latest Distribution

Ethereum co-founder Vitalik Buterin has received a new airdrop of 6.29 million STRK tokens, valued at around $1.01 million.

Blockchain analysts believe the airdrop is connected to his early investment in StarkWare’s $6 million seed round held in January 2018. That investment made Vitalik Buterin one of StarkWare’s earliest backers and a long-time supporter of its zero-knowledge proof technology.

Starknet Expands with Bitcoin Staking

Since its debut, the response has been remarkable. According to Starknet’s team, total staked assets have surpassed $100 million, with Bitcoin accounting for roughly 65% of the total value.

STRK Token Rallies After Integration

Following the launch of Bitcoin staking, the STRK surged 34%, reaching $0.1602 per token. It is now up over 65% from its all-time low of $0.0969, recorded on June 23, 2025

According to the latest data from CoinMarketCap, Starknet’s market capitalization is $694.29 million, ranking 107th among global cryptocurrencies.

Buterin’s Endorsement and Ethereum Foundation’s Role

Vitalik Buterin has long been an advocate of Starknet’s STARKs technology, describing it as a powerful solution for Ethereum scalability In February 2024, he published a detailed review praising Starknet’s smart contract capabilities and its approach to zero-knowledge proofs

The Ethereum Foundation also contributed $12 million during Starknet’s July 2018 funding round, reinforcing their shared vision for scalable blockchain systems.