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Home»ETHEREUM NEWS»$100 Million Ethereum Whale Claims Shares of Starknet Airdrop
ETHEREUM NEWS

$100 Million Ethereum Whale Claims Shares of Starknet Airdrop

By Crypto FlexsFebruary 16, 20243 Mins Read
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0 Million Ethereum Whale Claims Shares of Starknet Airdrop
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Ethereum whales recently laid claim to the anticipated Starknet airdrop. Aiming to participate in the Starknet (STRK) rewards program, this solo node operator has taken on the monumental task of operating as many as 1000 independently. validator.

Validators managed by Lone Whale were incorrectly identified as centralized exchanges (CEXs), causing confusion over airdrop eligibility due to the scale of their operations.

The price of ETH is showing an upward trend on the daily chart. source: ETHUSDT on Tradingview

Solo operators run $90 million worth of validators.

In a recent post on X community members stated that these 1000 validators hold a cumulative value of approximately $100 million in Ethereum (ETH).

Generally, Validators play an important role The goal is to secure and maintain a blockchain network. Although this contributes to the overall consensus mechanism of the blockchain, it can also be considered very difficult to manage.

Running a validator requires high technical expertise and requires obtaining complex and expensive hardware specifications. As a result, many developers express surprise It is possible for a node operator to successfully run 1000 validators autonomously.

Solo operators are publicly Shared on GitHub He has been running these validators using his personal computer at home, highlighting his high dedication and technical skills when exploring blockchain technology.

while No hard restrictions Compared to the number of validators that can be managed on a single system, the significant resources and cost required to run 1000s is still significant.

Sole operator claiming large STRK airdrops

In a post on GitHub, Sullendef said his 1,000 validators may have been accidentally linked to Kraken, a popular cryptocurrency exchange. Solo stakers have expressed concern about the possibility that the STRK airdrop rewards they have earned may have been unintentionally redirected to Kraken due to misidentification.

Sullendef disclosed his involvement as one of the following: striker Eligible for airdrop. He has been active in the community, complaining about messages he receives while trying to set up a withdrawal address.

Now, the non-profit startup Starknet Foundation plans to launch a provisioning program that will recognize the contributions of Ethereum developers, stakers, and Starknet to advance the network. The Foundation has announced its intention to distribute over 700 million STRKs to nearly 1.3 million addresses.

According to the assessment, one of the organizations assisting with the Starknet airdrop process is investigating the incident. Ari Koliopoulos, the organization’s CTO, responded to the mysterious whale.

starknet announced a plan to Rewards for Ethereum Stakers A person who participated in ETH staking before the Proof of Stake (PoS) merger. The foundation stated that it will reward these stakers with approximately 22% of the total STRK provisioned allocation.

“You are entitled to over 1 million STRK which will be further distributed to stakers. “The Starknet Foundation will put you in touch with someone from your organization,” the message reads.

The lone node operator said it had never initiated communication with the Starknet Foundation and called for a quick resolution to prevent airdrop rewards from being misdirected. It remains to be seen whether the whale will receive compensation.

Cover: Shutterstock, Chart: Tradingview

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