Starknet's token jumps 44% in a day as the network weighs leaving Ethereum to beat the quantum clock

Starknet's token is having its biggest run in months. STRK changed hands at about $0.101 at about 1:30pm Pacific on Saturday, up 44% over 24 hours, with a 24-hour range of about $0.069 to $0.105, CoinGecko data showed. Decrypt put it near $0.073 on Friday, up about 20% that day, and around $0.03 in April, when StarkWare cut staff to focus on revenue.

The trigger was a short post. On October 8 Starknet, an Ethereum layer 2 built by StarkWare, said it is "actively considering becoming an L1" and that this would let it become the first fully quantum-resistant network, with 2027 as the target.

StarkWare chief executive Eli Ben-Sasson argues that as a layer 2, Starknet has to wait for Ethereum to upgrade parts of its security, according to Decrypt and Bankless. Ethereum's own roadmap aims for core post-quantum protection around 2029. Running its own chain would let Starknet make that change on its own timetable.

It is still only an idea. Bankless reported there is no formal proposal or vote, and Decrypt noted the announcement does not explain how existing apps and users would migrate.

What to watch: a written proposal from StarkWare, and whether the token holds its gains once the weekend ends.