Starknet ecosystem token STRK recently faced significant selling pressure. The 24-hour decline reached 9.25%, clearly underperforming the overall market.

The core reason for the selling pressure is the large-scale unlock event—1.27 million STRK released all at once, corresponding to approximately $13.2 million in volume, instantly impacting liquidity. At the same time, market sentiment is extremely cautious, with the Fear and Greed Index at only 22, and risk appetite severely diminished, causing large funds to hold back.
The technical outlook is also worsening. After STRK broke below the $0.10 psychological threshold, chain stop-losses were triggered, leading to a surge in sell orders. The current situation is unfavorable for the bulls.
In the short term, the key is whether the $0.095 support level can hold. If it fails, there will be a risk of deeper correction. Investors should closely monitor subsequent support levels.