Token $SPK has doubled in price over the week
The cryptocurrency Spark (SPK) has shown impressive growth — its price has increased by 100% over the week and has returned to launch levels. The project's capitalization has increased from $30 million to $62 million, and over the last 24 hours, the token has added another 46%, reaching $0.061. The explosive growth in trading volumes — up 404% to $486 million — confirms investor interest. The total value of locked assets in Spark has reached a record $8.15 billion.
The sharp rise in price is directly linked to the token distribution program among users. Today marks the end of the first phase of the airdrop, where participants can claim their coins. But the main intrigue is ahead — the second phase called 'Overdrive' is approaching.
To receive bonuses in the second phase, several conditions must be met:
Lock the received tokens until July 29, 2025
Do not withdraw them until August 12, 2025
An additional x2 bonus will be given to those holding at least $1,000 in stablecoins USDS or USDC
It is the requirement to lock the tokens that has become the key driver of growth. When coins are withdrawn from circulation, there are fewer of them on the market, which pushes the price up.
