SPK Token Sees $378M Trading Surge and 13.48% Price Drop After Major Exchange Airdrop

Spark (SPK) experienced significant price volatility following its launch and major exchange listings, with the price declining by 13.48% over the last 24 hours on Binance, from a 24h open of $0.057650 to a current price of $0.049879. This sharp drop is primarily attributed to heavy post-airdrop sell-offs after Binance and other exchanges distributed millions of SPK tokens to eligible users, leading to increased profit-taking and speculative trading. The heightened activity is reflected in a substantial 24-hour trading volume of approximately $378 million and a circulating supply of about 829.65 million SPK out of a 10 billion maximum supply. Despite the initial price correction, SPK remains highly liquid and actively traded, with its price stabilizing in the $0.047–$0.057 range as the market absorbs the influx of tokens and ongoing airdrop claims.