STRK (Starknet) down 16.53% in the last 24 hours

Gate News Bot Message, November 12th, according to CoinMarketCap data, as of press time, STRK (Starknet) is trading at $0.15, down 16.53% in the past 24 hours. The highest price reached $0.21, and the lowest dropped to $0.10. The 24-hour trading volume is $232 million. The current market capitalization is approximately $681 million, a decrease of about $135 million from yesterday. STRK is currently ranked 88th in the global cryptocurrency market cap.

Recent important news about STRK:

1️⃣ Gate Launches Quick Redeem Function for STRK Staking
Gate platform will officially launch the on-chain earning quick redemption feature on November 11, 2025, at 11:00 (UTC+8). The initial supported product includes STRK staking. This feature allows users to receive redemption funds within 10 minutes after submitting a redemption request, subject to a fee. This move increases the flexibility of STRK staking and may attract more investors to participate in STRK staking activities.

2️⃣ Gate Adds STRK Fixed-term Financial Products to the Spare Coins Treasure
Gate Exchange has introduced fixed-term financial products for the STRK token, offering lock-up periods of 7 days, 14 days, and 30 days. This initiative enriches STRK investment options and provides holders with new income channels, potentially increasing demand for STRK holdings.

3️⃣ STRK Price Experiences Significant Short-term Volatility
On November 10, STRK experienced a single-day increase of over 50%, but the current price has retreated from its previous high. Such sharp price fluctuations reflect increased market attention to STRK but also indicate higher investment risks.

The short-term large fluctuations in STRK price may be driven by changing market expectations regarding the Starknet ecosystem development. The new features and products launched by the Gate platform are expected to enhance STRK’s utility and demand, but investors should remain cautious of the high volatility risks in the cryptocurrency market.

This message is not investment advice; please be aware of market volatility risks.