Starknet Foundation will distribute over 700 million STRK tokens on February 20 as part of a 'provisions program', not a traditional airdrop.

STRK tokens will grant voting rights in Starknet's governance and serve utility purposes within the network.

The tokens are anticipated to debut at a price of $1.65, suggesting a market capitalization of around $1.2 billion.

OKX, a major exchange, has confirmed it will list STRK tokens for trading, with STRK/USDT as the initial trading pair.

The allocation represents about 7% of Starknet's total token supply, with a projected fully diluted valuation exceeding $16 billion.

Starkware's main contributors and investors will have their 1.3 billion tokens unlocked two months post-trading commencement, causing some community dissent.

Starknet asserts that rapid token unlocks are to honor early project contributors and is part of a broader strategy encouraging community governance.

The total value locked in Starknet has recently risen to over $56 million, highlighting the growing interest in the platform.

Separately, Pullix's PLX token has increased in value during its presale, signaling investor confidence and the potential for novel investment opportunities in the crypto space.