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Solana’s public attack on Starknet exposes how billions in “mercenary” volume are artificially pumping network valuations right now

Solana’s public attack on Starknet exposes how billions in “mercenary” volume are artificially pumping network valuations right nowExtended dominates Starknet perps, and the fee pressure doesn’t match the “activity,” hinting at mercenary volume. Gino Matos Jan. 15, 2026 at 8:51 am UTC 5 min read Updated: Jan.

Solana’s public attack on Starknet exposes how billions in “mercenary” volume are artificially pumping network valuations right now

Solana’s public attack on Starknet exposes how billions in “mercenary” volume are artificially pumping network valuations right now

Credit: Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Key Highlights

  • 15, 2026 at 8:51 am UTC Share Cover art/illustration via CryptoSlate.
  • Image includes combined content which may include AI-generated content.
  • Solana's verified X account fired a shot on Jan.
  • 14: “Starknet has 8 daily active users, 10 daily transactions, and still somehow has a 1b MC and 15b FDV[…] Send it straight to 0.”The data used in the ‘sh*tpost' appears to trace back to an April 2024 snapshot, as the FDV figure was wrong.
  • Current CryptoSlate data shows Starknet's fully diluted valuation around $900 million, not $15 billion. While overshooting the valuation is one thing, the fact that Solana's official account called for users to “send [Starknet] straight to 0” really highlights where the industry is in 2026.
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Sources

  1. Solana’s public attack on Starknet exposes how billions in “mercenary” volume are artificially pumping network valuations right now

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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