TechFlow, July 28 — Crypto analyst Andrew 10 GWEI (@Andrey_10gwei) posted an analysis stating that StarkWare, the development company behind Starknet, along with its team, has dumped at least 400 million STRK tokens into the market, equivalent to 4% of the total supply. Andrew said he identified 14 addresses believed to belong to the StarkNet team due to their large token holdings immediately after TGE and subsequent transfers to CEXs.
The analyst noted this is a conservative estimate and the actual volume of sales could be higher, adding that he is currently gathering related evidence. Andrew 10 GWEI criticized the Starknet team as a "scam team" and "maximal extractors," accusing Starknet CEO Eli Ben-Sasson of posting bullish messages about Starknet while simultaneously sending tokens to order books.
