Crypto Market Snapshot: SPK Post-Pump Decline, LayerZero (ZRO) Pre-Unlock Weakness
Spark ($SPK ) has experienced a notable downturn following its recent price surge on #Binance. After reaching approximately $0.069, the token has been in a steady decline, currently trading at $0.0461, which is near its 24-hour low of $0.045425. While the volume during this descent has not been exceptionally high, the consistent negative price action is evident. Given the relative newness of SPK, established support levels on the charts are not yet clear, indicating a need for the token to establish a price floor to prevent further declines toward initial launch prices.
LayerZero's native token ($ZRO ) is also facing selling pressure, with its price down 2% in the past 24 hours and over 17% in the past week. The token's value dropped to $1.80 on June 19, extending its overall decline in 2025 to more than 31% over the last month. This downward trend precedes a significant token unlock event scheduled for June 20, which will introduce an additional 24.68 million ZRO tokens, valued at approximately $56.72 million, into circulation.
However, there is an EGL1 Token Voucher Airdrop available on #BingX. Participation involves completing KYC verification and executing trades totaling $100 or more to receive 70 $EGL1 tokens. This event is structured on a first-come, first-served basis and is set to conclude on June 25.
