Sunday, May 11, 2025
ModernCryptoNews.com
  • Crypto
  • NFTs & Metaverse
  • DeFi
ModernCryptoNews.com
No Result
View All Result

$100M Ethereum Whale Asserts Claim On Starknet Airdrop Share

February 16, 2024
Reading Time: 4 mins read
0


RELATED POSTS

Will Bitcoin ETF flows turn negative again? What’s causing market jitters

Institutions Bullish on Ethereum despite Low Demand for Spot Ether ETFs

Price Rises Above Downward Trendline And Key MA Levels

An Ethereum whale has not too long ago asserted a declare over the anticipated Starknet airdrop. This solo node operator, aiming to take part within the Starknet (STRK) reward program, has taken the monumental job of independently working a whopping 1000 validators.

The validators managed by the lone whale had been mistakenly recognized as a Centralized Trade (CEX), inflicting confusion about their eligibility for the airdrop as a result of sheer dimension of the operation.

Ethereum ETH ETHUSDT
ETH’s worth developments to the upside on the day by day chart. Supply: ETHUSDT on Tradingview

Solo Operator Runs $90 Million Price Of Validators

In a latest X (previously Twitter) submit, a cryptocurrency neighborhood member disclosed {that a} Genesis solo staker, recognized as ‘Sullendef,’ on GitHub, single-handedly manages 1000 validators. The X neighborhood member revealed that these 1000 validators maintain a cumulative worth of round $100 million in Ethereum (ETH).

Usually, validators play a significant role in securing and sustaining blockchain networks. Though they contribute to the general consensus mechanism of a blockchain, they may also be thought of extremely tough to handle. 

Operating a validator calls for excessive technical experience and requires buying advanced and infrequently expensive {hardware} specs. Consequently, it’s commonplace for a lot of builders to express astonishment on the prospect of a node operator efficiently working 1000 validators autonomously. 

The solo operator has brazenly shared on GitHub that he has been working these validators utilizing his private laptop at dwelling, underscoring his excessive dedication and technical prowess when navigating blockchain know-how.

Whereas there’s no hard limit to the variety of validators one can handle on a single machine, the numerous sources and bills required to run 1000 stay substantial. 

Lone Operator To Declare Huge STRK Airdrop

In a submit on GitHub, Sullendef revealed that his 1000 validators might have been mistakenly related to a distinguished cryptocurrency trade, Kraken. The solo Staker has expressed apprehensions about the potential for their earned STRK airdrop rewards being unintentionally redirected to Kraken because of misidentification. 

Sullendef has disclosed his participation as one of many stakers eligible for the airdrops. He has remained actively concerned in the neighborhood, expressing frustration over a message acquired whereas trying to arrange a withdrawal deal with. 

Presently, the Starknet Basis, a nonprofit start-up, plans to launch a provisions program, acknowledging contributions from Ethereum builders, stakers, and Starknet in the direction of advancing the community. The inspiration has introduced its intention to distribute over 700 million STRK to nearly 1.3 million addresses.

Rated, one of many organizations serving to Starknet within the airdrop course of is wanting into the case. The group’s CTO, Ari Koliopoulos, replied to the mysterious whale. 

Starknet has acknowledged plans to reward Ethereum stakers who engaged in staking ETH earlier than the Proof of Stake (PoS) merge. The inspiration has acknowledged it might reward roughly 22% of the whole STRK provision allocation to those stakers. 

“You might be eligible to obtain multiple million STRK, to be distributed additional to your stakers. The Starknet Basis will probably be in contact with somebody out of your group,” the message learn.

The lone node operator has acknowledged that he has by no means initiated communication with the Starknet Basis, urging a swift decision to forestall misdirection of his airdrop rewards. It stays to be seen if the whale will acquired compensation. 

Cowl from Shutterstock, chart from Tradingview



Source link

ADVERTISEMENT
Tags: 100MairdropAssertsClaimEthereumshareStarkNetWhale
ShareTweetPin
wpadministrator

wpadministrator

Related Posts

Will Bitcoin ETF flows turn negative again? What’s causing market jitters
Ethereum

Will Bitcoin ETF flows turn negative again? What’s causing market jitters

September 13, 2024
Institutions Bullish on Ethereum despite Low Demand for Spot Ether ETFs
Ethereum

Institutions Bullish on Ethereum despite Low Demand for Spot Ether ETFs

September 12, 2024
Price Rises Above Downward Trendline And Key MA Levels
Ethereum

Price Rises Above Downward Trendline And Key MA Levels

September 12, 2024
Ethereum Whales Increase Supply Share, Now Control 43% Of All ETH
Ethereum

Ethereum Whales Increase Supply Share, Now Control 43% Of All ETH

September 12, 2024
Secured no. 1 | Ethereum Foundation Blog
Ethereum

Secured no. 1 | Ethereum Foundation Blog

September 12, 2024
Vitalik Buterin’s L2 strategy: A closer look at Ethereum’s future
Ethereum

Vitalik Buterin’s L2 strategy: A closer look at Ethereum’s future

September 11, 2024
Next Post

Is a $1 Breakout Impending

Navigating the New Financial Landscape

Recommended

Hong Kong Planning Regulatory Framework for OTC Crypto Venues

February 3, 2024

Dogecoin Open Interest Maintains Record Highs, Is A Crash Coming?

March 15, 2024

BlackRock Launches Tokenized Fund BUIDL, Strengthening Its Entry into Digital Asset Space 

March 24, 2024

Popular Stories

  • What are rebase tokens, and how do they work?

    0 shares
    Share 0 Tweet 0
  • Crypto Whales Gobble Up Over $76,000,000 Worth of Ethereum-Based Altcoin in One Week, Says Analyst

    0 shares
    Share 0 Tweet 0
  • Coinbase CEO Brian Armstrong Says ‘Just Bitcoin’ the Best Option for US Crypto Strategic Reserve

    0 shares
    Share 0 Tweet 0
  • Crypto Trading Platform BitMEX Pleads Guilty To Bank Secrecy Act Violations

    0 shares
    Share 0 Tweet 0
  • Bitcoin, Ethereum, Dogecoin Edge Higher As Market Cheers Solana Spot ETF Filing: Analyst Forecasts King Crypto’s Bounce To $66K If This Condition Holds – Emeren Group (NYSE:SOL)

    0 shares
    Share 0 Tweet 0
No Result
View All Result

Recent News

XRP Network Activity Jumps 67% In 24 Hours – Big Move Ahead?

XRP Network Activity Jumps 67% In 24 Hours – Big Move Ahead?

April 23, 2025
Crypto Industry Contributed $18 Million To Trump’s Inauguration, Ripple Among The Top Donors

Crypto Industry Contributed $18 Million To Trump’s Inauguration, Ripple Among The Top Donors

April 23, 2025

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFI
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • Xrp

Follow us

Recommended

  • XRP Network Activity Jumps 67% In 24 Hours – Big Move Ahead?
  • Crypto Industry Contributed $18 Million To Trump’s Inauguration, Ripple Among The Top Donors
  • XRP Tops Weekly Crypto Inflows Despite Market Volatility – The Crypto Times
  • XRP Price Could Soar to $2.4 as Investors Eye Two Crucial Dates
  • XRP Eyes $2.35 Breakout, But $1.80 Breakdown Threatens Bearish Shift – TronWeekly

© 2023 Modern Crypto News | All Rights Reserved

No Result
View All Result
  • Crypto
  • NFTs & Metaverse
  • DeFi

© 2023 Modern Crypto News | All Rights Reserved