SPK Token Drops 16.4% After 200M Airdrop; $368M Volume Signals High Market Interest

SPKUSDT experienced a sharp price decline of 16.40% over the past 24 hours on Binance, with the current price at $0.050093, down from a 24-hour open of $0.059921. This drop is primarily attributed to significant post-airdrop selling pressure, as many recipients of the recent 200 million SPK airdrop quickly sold their tokens to realize profits. The initial distribution model, which rewarded active platform users and BNB holders, resulted in a high influx of tokens into the market and contributed to intense volatility and downward price movement. Trading volume remains exceptionally high, with over $368 million exchanged across major platforms in the first 24 hours, indicating strong market interest despite the price decrease. SPK continues to draw attention due to its high-profile launch, major exchange listings, and its role as the governance token for the Spark Protocol, but further volatility is likely as the market absorbs the new supply.