SPK Token Surges 483% After Volatile Debut, Airdrop Selloff, and Major Exchange Listings

SPK (Spark) experienced significant price volatility following its market debut on June 17, 2025, driven primarily by the distribution of a large airdrop to early users and BNB holders, which led to substantial selling pressure as recipients sold their tokens on exchanges. This initial selloff caused the price to drop sharply, but subsequent trading activity saw a notable rebound, with the current price on Binance at $0.058385, up 483.85% from the 24h open of $0.010000. The token’s launch on major exchanges, the introduction of perpetual contracts, and high trading volumes contributed to active market participation. SPK’s circulating supply is over 822 million, with a market cap near $98 million, and trading remains robust as the protocol positions itself as a new entrant in the DeFi sector.