$SPK Today has once again skyrocketed! What is the truth behind the 53% surge?
Binance just launched SPK on June 17 and opened USDT and USDC trading pairs, along with a HODLer airdrop of 200 million tokens, which has directly boosted its popularity.
Supported by the MakerDAO ecosystem, the Spark protocol forked the Aave V3 code to create a decentralized lending market, with a transparent interest rate model and a dual treasury mechanism, currently managing $3.86 billion in funds, and institutions are eyeing this lucrative opportunity.
On the technical side, it broke through the key level of $0.06 today; if the trading volume can stabilize, it might even surge to the historical high of $0.07!
In the next three years, SPK plans to issue 10 billion tokens in total supply, with only 1.7 billion currently in circulation. The 'airdrop hunters' are already waiting to cash out, and the top 10% of addresses hold 68% of the voting power, posing a risk of governance becoming too centralized.
Today, we are closely monitoring Binance's contract launch on the 22nd and the White House’s cryptocurrency policy report; the main players might dig in around $0.065.
Don't say I didn't warn you, this wave of SPK is a carnival for the DeFi lending leaders, but retail investors chasing the high can easily get cut!
If there is a pullback later, we will also look for new entry points; when it’s time to act, we will act, and when it’s time to wait, we will wait, continuing to proceed steadily!