SPK Token Drops 17.8% After Major Airdrop and Exchange Listings Amid Surging Trading Volumes

SPKUSDT experienced a significant price decline of 17.80% over the last 24 hours, with the current price at $0.047823 and a 24-hour open of $0.058176 on Binance. The sharp drop is primarily attributed to post-airdrop sell-offs following the June 17, 2025, launch, which included a major airdrop event and immediate listings on major exchanges. High speculative activity, combined with broader crypto market weakness due to macroeconomic and geopolitical uncertainties, intensified volatility and selling pressure. Trading volume remained exceptionally high, ranging from $378 million to $1.47 billion, with the circulating supply at approximately 822.72 million SPK out of a 10 billion max supply. SPK is among the most actively traded altcoins, reflecting both strong speculative interest and market uncertainty after its debut.