Can Starknet Survive? Vitalik Buterin Transfers 6.3 Million STRK tokens Amid Institutional Selling
Vitalik Buterin, the inventor behind Ether network, has drawn attention due to his on-chain activity today. According to data reported by market analyst Arkham, the ETH co-founder moved Starknet (STRK) coins to a new address, which started selling them for profitability.
The data shows that the wallet selling the STRK tokens is associated with the Methuselah Foundation, a non-profit organization that aims to expand the healthy human lifespan. The transfer caught the curiosity among market observers as the movements of such magnitude are normally connected to bearish market sentiment and possible price change. As per the data, Vitalik currently holds zero STRK in his public address.
IS VITALIK SELLING $STRK?
— Arkham (@arkham) October 10, 2025
Vitalik just moved $1M STRK to a new wallet, which began selling it. The address is possibly associated with the Methuselah Foundation.
Vitalik now holds zero STRK in his public entity.
Address: 0xf369af914dBed0aD7afdDdEbc631Ee0FDA1b4891 pic.twitter.com/b9gEUbhdO9
The Motive Behind Vitalik’s STRK Transfer
As stated in the data tracked today by the analyst, Vitalik moved 6.3 million STRK tokens worth $1.09 million to a new wallet associated with the non-profit organization, Methuselah Foundation.
Earlier today, Vitalik obtained the 6.3 million STRK tokens valued at $1.09 million from a token unlock from Starknet’s Locked Token Grant, which had locked the tokens for over the past one year. Such a token unlock program is part of Starknet’s wider token distribution strategy, aiming to reward long-term investor participation in the network. The allocation, which represents a profit earned following a one-year lock period on the Starknet network, came after Vitalik participated in StarWare’s seed funding round as a private investor in January 2018.
After receiving the unlocked tokens from Starknet’s Locked Token Grant, Vitalik moved the 6.3 million STRK tokens to a wallet owned by the Methuselah Foundation. On-chain data showed that the foundation later started converting the STRK tokens into ETH via Railgun, a confidentiality-preserving protocol recognized for concealing transaction details.
By sending the STRK coins to the Methuselah Foundation, Vitalik maintains his commitment to philanthropy to positively impact humanity. The Methuselah Foundation is a charity firm focusing on making humans live longer and healthier by conquering age-associated illnesses and miseries.
Starknet Market Outlook
Despite the transfers of the Starknet tokens, which are selling events, STRK’s price has remained resilient. The token’s price, which currently stands at $0.16, has been up 3.9% since yesterday and also up 7.2% and 20.9% over the last seven days and month, respectively.
The catalysts of the market momentum include recent Starknet Bitcoin staking, network upgrade, and revamped confidence in the expanding ecosystem.
On October 2, 2025, Starknet rolled out a Bitcoin staking product in DeFi. The new offering, which attracted investor interest, allows customers to stake Bitcoin and, as a result, earn STRK incentives on the Starknet ecosystem. Also, Starknet’s recent network upgrade, launched last month, brought new advanced features that make transactions in the ecosystem more rapid and convenient.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
U.S. chip stocks drop for eight consecutive sessions! $2 trillion wiped out in market value, marking the longest losing streak since 2008
This week, the investment prospects of AI were questioned by the market. The Philadelphia Semiconductor Index fell by 11.4%, and the Nasdaq dropped more than 4% in a single week. CoreWeave's stock price fell over 25% during the week, and its bonds dropped to distressed levels, casting doubt on the high-yield debt financing model. Strategists warned that being overly bearish could lead to missing opportunities, while "Wood Sister" bucked the trend and increased her holdings of CoreWeave.
In August, overseas funds returned to the U.S. Treasury market; UK holdings surpassed $1 trillion for the first time; Japan and China continued to reduce holdings, with China’s U.S. Treasury holdings hitting the lowest level since 2008
According to a report by the U.S. Treasury Department, overseas investors made net purchases of $108.9 billion in U.S. Treasury bonds in August, reversing a two-month decline in holdings. Among the top ten countries and regions holding U.S. debt, only China and Japan reduced their holdings in August. Japan, the largest holder, saw its holdings drop for the fourth consecutive month, reaching a 22-month low in the same month it intervened in the foreign exchange market. China’s holdings declined for the third straight month, hitting new lows for two consecutive months not seen since 2008. The UK, the second-largest holder, posted historic highs for two consecutive months. Canada recorded the largest increase in August, up $38.3 billion, ranking fifth overall. Belgium had the second-largest increase, up $19.8 billion.
Strategy surpasses JPMorgan in trading volume as MSTR neared 49M shares in August
Crypto prices
More
