SPK Token Surges 466% After Airdrop and Major Exchange Listings, Defies Early Sell-Off Pressure

SPK (Spark) experienced significant price volatility in its first 24 hours of trading, primarily driven by its major airdrop event and immediate listings on multiple major exchanges, including Binance, Bybit, KuCoin, and Bitget. The initial airdrop distributed a substantial amount of tokens to early users and BNB stakers, resulting in heavy sell pressure as recipients quickly sold their allocations, which led to a rapid price decline of over 70% from the peak shortly after launch. Despite this sharp drop, the token rebounded strongly, with Binance reporting a current price of $0.056658, up 466.58% from its 24-hour opening price of $0.010000. This dramatic price movement reflects both the high trading activity and extreme volatility typical of newly launched DeFi tokens with large-scale airdrops. SPK maintains a circulating supply of approximately 826.4 million tokens out of a 10 billion maximum, a market cap near $46.66 million, and active trading across major platforms, making it one of the most closely watched new assets in the DeFi sector.