🚨 SPK — THE TOKEN THAT TOOK OVER DeFi! HYPE OR FOUNDATION?
SPK (Spark) has found itself at the center of attention in just a couple of weeks — the price has doubled, and trading volumes are hitting hundreds of millions. But what’s the strength? And will it deflate right after the airdrop?
🔍 What is SPK?
📌 SPK is the governance token of the Spark project that redistributes over $8.1 billion in stablecoins between DeFi, CeFi, and real assets.
The project operates as an “on-chain capital allocator,” providing passive income in the blockchain.
📊 The annual revenue of the protocol is $172 million, the token can be staked and voted in Snapshot. This means it’s not just a meme, but an infrastructure player.
💥 Why is it growing?
🔥 Ignition Airdrop:
The mass giveaway of tokens and Spark Points has fueled interest. The second phase is already ongoing — staking until July 29, holding until August 12.
💡 This limits selling and creates scarcity, hence the growth!
📈 TVL over $8 billion is more than many large DeFi.
📊 Breakout level on the chart: Technically, the token has broken out of the triangle and is updating its ATH.
⚖️ Is this a bubble?
❌ No. The token has:
• A working protocol
• TVL > $8 billion
• Staking and tokenomics
• Governance and long-term plan
✅ But! The price may correct after the airdrop concludes on August 12.
