Why is Starknet (STRK) Experiencing More than a 50x Decline After Airdrop?

The Starknet Foundation recently executed a colossal airdrop, distributing 700 million STRK tokens on February 20th. In a matter of minutes, 5 million tokens were claimed. Which propelled STRK to a fleeting $3 value, a 50% surge from its pre-launch…