The STRK token experienced a significant correction, falling between 38% and 48% in one week following a 385% rally. By October 19, 2026, the asset traded between $0.057 and $0.060, down from a peak of approximately $0.1268 reached on October 11-12.
The price decline coincides with a community vote on whether Starknet should transition from an Ethereum Layer 2 to an independent Layer 1 blockchain with post-quantum security. The non-binding Snapshot poll, which opened on October 15, 2026, shows approximately 99.9% support and concludes on October 22.
Market analysts attribute the sell-off to profit-taking and broader weakness in the decentralized finance sector. Additionally, approximately 127 million STRK tokens were released into circulation around October 15, 2026, as part of a scheduled monthly unlock.
Despite the token's volatility, network metrics remain resilient. As of October 19, 2026, the total value locked on Starknet fell by only 5.3% to approximately $158 million. Furthermore, the network achieved a record weekly revenue of approximately $92,800 on October 17.
