Can Starknet Survive? Vitalik Buterin Transfers 6.3 Million STRK tokens Amid Institutional Selling
Vitalik Buterin, the inventor behind Ether network, has drawn attention due to his on-chain activity today. According to data reported by market analyst Arkham, the ETH co-founder moved Starknet (STRK) coins to a new address, which started selling them for profitability.
The data shows that the wallet selling the STRK tokens is associated with the Methuselah Foundation, a non-profit organization that aims to expand the healthy human lifespan. The transfer caught the curiosity among market observers as the movements of such magnitude are normally connected to bearish market sentiment and possible price change. As per the data, Vitalik currently holds zero STRK in his public address.
IS VITALIK SELLING $STRK?
— Arkham (@arkham) October 10, 2025
Vitalik just moved $1M STRK to a new wallet, which began selling it. The address is possibly associated with the Methuselah Foundation.
Vitalik now holds zero STRK in his public entity.
Address: 0xf369af914dBed0aD7afdDdEbc631Ee0FDA1b4891 pic.twitter.com/b9gEUbhdO9
The Motive Behind Vitalik’s STRK Transfer
As stated in the data tracked today by the analyst, Vitalik moved 6.3 million STRK tokens worth $1.09 million to a new wallet associated with the non-profit organization, Methuselah Foundation.
Earlier today, Vitalik obtained the 6.3 million STRK tokens valued at $1.09 million from a token unlock from Starknet’s Locked Token Grant, which had locked the tokens for over the past one year. Such a token unlock program is part of Starknet’s wider token distribution strategy, aiming to reward long-term investor participation in the network. The allocation, which represents a profit earned following a one-year lock period on the Starknet network, came after Vitalik participated in StarWare’s seed funding round as a private investor in January 2018.
After receiving the unlocked tokens from Starknet’s Locked Token Grant, Vitalik moved the 6.3 million STRK tokens to a wallet owned by the Methuselah Foundation. On-chain data showed that the foundation later started converting the STRK tokens into ETH via Railgun, a confidentiality-preserving protocol recognized for concealing transaction details.
By sending the STRK coins to the Methuselah Foundation, Vitalik maintains his commitment to philanthropy to positively impact humanity. The Methuselah Foundation is a charity firm focusing on making humans live longer and healthier by conquering age-associated illnesses and miseries.
Starknet Market Outlook
Despite the transfers of the Starknet tokens, which are selling events, STRK’s price has remained resilient. The token’s price, which currently stands at $0.16, has been up 3.9% since yesterday and also up 7.2% and 20.9% over the last seven days and month, respectively.
The catalysts of the market momentum include recent Starknet Bitcoin staking, network upgrade, and revamped confidence in the expanding ecosystem.
On October 2, 2025, Starknet rolled out a Bitcoin staking product in DeFi. The new offering, which attracted investor interest, allows customers to stake Bitcoin and, as a result, earn STRK incentives on the Starknet ecosystem. Also, Starknet’s recent network upgrade, launched last month, brought new advanced features that make transactions in the ecosystem more rapid and convenient.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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