Starknet Breaks Out of 300-Day Accumulation as Institutional Bitcoin Staking Drives Rally Toward $2

Starknet's native token, STRK, surged past $0.27, concluding a 300-day accumulation period, accompanied by over $1 billion in daily trading volume. This rally is significantly fueled by institutional interest, particularly following Anchorage Digital's integration supporting Bitcoin staking on Starknet, which has secured over $300 million in assets on the network. This institutional support, combined with the growing "Ztarknet" narrative linking Starknet to Zcash's privacy innovations via zero-knowledge proofs, has boosted bullish sentiment.

Despite concerns over upcoming token unlocks, on-chain data suggests that staking demand is absorbing potential sell pressure, with holders preferring long-term participation. The high staking rate, supported by institutional infrastructure, signals strong conviction. Analysts suggest that if this momentum continues, driven by growing BTCFi activity and institutional capital inflows, STRK could potentially reach a target price of $2, a significant gain from its current level near $0.27.

(Source：BeInCrypto)