SPK Token Plunges 16.88% Amid Post-Airdrop Sell-Off and Surge in Futures Trading Volume

SPKUSDT experienced a significant price decline of -16.88% over the past 24 hours, with the current price at 0.047089 USDT. The sharp drop is primarily attributed to heavy post-airdrop selling following the recent major exchange listings and large-scale airdrops, which led recipients to rapidly liquidate their tokens and triggered heightened volatility. Additional contributing factors include the launch of perpetual futures contracts on major exchanges, which increased speculative trading and amplified price swings. Trading volume remains elevated, with 24-hour turnover between $378 million and $410 million, and the circulating supply stands at approximately 822.72 million SPK. Overall, SPK is experiencing extreme volatility and active trading, driven by new listings, airdrop events, and the introduction of derivatives products.