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$100M Ethereum Whale Asserts Claim On Starknet Airdrop Share

February 16, 2024
in Ethereum
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An Ethereum whale has just lately 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 process of independently operating 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 because of the sheer measurement of the operation.

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

Solo Operator Runs $90 Million Price Of Validators

In a current X (previously Twitter) publish, 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).

Sometimes, validators play a big position in securing and sustaining blockchain networks. Though they contribute to the general consensus mechanism of a blockchain, they will also be thought of extremely troublesome to handle. 

Working a validator calls for excessive technical experience and requires buying complicated and infrequently expensive {hardware} specs. Consequently, it’s common for a lot of builders to specific astonishment on the prospect of a node operator efficiently operating 1000 validators autonomously. 

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

Whereas there may be no arduous restrict 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 publish on GitHub, Sullendef revealed that his 1000 validators might have been mistakenly related to a distinguished cryptocurrency change, Kraken. The solo Staker has expressed apprehensions about the potential of their earned STRK airdrop rewards being unintentionally redirected to Kraken on account 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 obtained whereas making an attempt to arrange a withdrawal handle. 

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 trying 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 will reward roughly 22% of the full STRK provision allocation to those stakers. 

“You’re eligible to obtain multiple million STRK, to be distributed additional to your stakers. The Starknet Basis might 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 stop misdirection of his airdrop rewards. It stays to be seen if the whale will obtained compensation. 

Cowl from Shutterstock, chart from Tradingview



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Tags: 100MAirdropAssertsClaimEthereumShareStarknetWhale
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