The latest cryptocurrency airdrops are gaining attention this week as Spark (SPK), Sonic (S), and LayerEdge (EDGEN) all attract interest with new distribution campaigns and ecosystem developments. SPK recently launched on Ethereum, bolstering its DeFi expansion plans and governance roadmap.
Sonic has implemented an $82 million airdrop with a distribution (vesting) structure based on NFTs to limit selling pressure. Meanwhile, LayerEdge leverages the security of Bitcoin's link and Zero-knowledge (ZK)* technology, although their EDGEN token is under pressure following significant price drops.
Spark (SPK)
Spark (SPK) is an on-chain asset allocation tool focused on DeFi, designed to deploy capital across DeFi platforms, centralized finance (CeFi), and real-world assets (RWA).
SPK operates through key products like SparkLend and Spark Savings, allowing users to earn competitive yields on stablecoins or borrow assets like USDC, USDS at rates controlled by governance.
The SPK token powers the ecosystem, enabling staking, governance participation, and farming incentives. Currently, over $3.9 billion is deployed across the liquidity and savings layers of this tool.
SPK, the native token of Spark, recently launched on Ethereum and plays a key role in the platform's expansion. Although still in the early trading phase, SPK has attracted attention due to its airdrop campaign and governance roadmap.
Technically, SPK has surpassed the nearest resistance level at $0.056. A stronger recovery could push the price towards the $0.0659 zone; however, sustainability will depend on user attraction within the ecosystem as well as participation in staking and governance activities as these features officially go live.
Sonic (S)
Sonic (S), the layer-1 blockchain previously known as Fantom, has just launched a large $82 million airdrop campaign to distribute over 190 million S tokens across multiple phases.
This airdrop campaign has a unique distribution structure – 25% of the tokens are unlocked immediately, while the remaining 75% are locked in tradable NFTs for 270 days. Users can unlock these tokens early, but will incur a token burn penalty to discourage short-term profit-taking and reduce selling pressure in the market.
Eligible airdrop recipients are quite diverse, including Sonic Point holders, Opera users, Sonic Arcade players, and NFT Shard minters.
Despite a 35% price drop last month, Sonic's ecosystem continues to expand, with total value locked (TVL) surpassing $870 million and daily active addresses exceeding 50,000.
Technically, Sonic is currently holding an important support level around $0.312 — if this level breaks, the token risks dropping below $0.3 for the first time.
However, if the upward momentum returns, the nearest resistance zone is at $0.341, and a strong recovery could push the price to $0.4, even up to $0.541.
LayerEdge (EDGEN)
LayerEdge Network (EDGEN) introduces a new security architecture, combining the time-tested consensus mechanism of Bitcoin with a distributed verification model.
By linking its operations with the Bitcoin blockchain and using lightweight nodes through the proprietary edgenOS, LayerEdge avoids centralized failure points and enhances scalability.
The integration of ZK cryptography ensures integrity in calculations, providing mathematical proof of accurate execution.
Despite having a strong technical infrastructure, EDGEN — the native token of LayerEdge is still under significant bearish pressure, with a drop of more than 8% in the past 24 hours and over 25% in the past week.
If the current downtrend continues, the token may test an important support level around $0.095. However, if market sentiment reverses, EDGEN could retest the resistance zone of $0.0118, opening up the possibility for a short-term recovery.