#SparkBinanceHODLerAirdrop
Despite the hype, SPK’s price plunged over 25% within 24 hours of listing. Why?
The airdrop flooded the market with free tokens, many of which were dumped immediately.
300 million SPK hit the market fast, overwhelming demand and triggering a sell-off.
Social media backlash followed, with some users calling it a “rug pull” due to the rapid price collapse.
🔍 What’s Next:
Spark still boasts $8 billion in Total Value Locked (TVL) and strong DeFi fundamentals.
The team is focusing on staking incentives and liquidity improvements to stabilize the token.