SPK Token Soars 71% After Ignition Airdrop Phase One, TVL Hits $8.15B Amid Surging Demand

SPKUSDT has experienced a sharp price increase of 71.57% over the past 24 hours, rising from 0.064831 to 0.111233 USDT on Binance. This surge is primarily attributed to the conclusion of the first phase of the Ignition airdrop and anticipation for the second phase, which requires users to stake SPK by July 29, 2025. Additionally, Spark’s reported Total Value Locked (TVL) of $8.15 billion and consistent protocol profitability have contributed to heightened market interest. The recent listing of SPK on major exchanges with perpetual contracts and high leverage options has further amplified trading activity and volatility.

Currently, SPKUSDT is trading at 0.111233 USDT with a 24-hour trading volume exceeding $1.47 billion and a market capitalization of approximately $126.27 million. The token has significantly outperformed the broader cryptocurrency market, reflecting strong demand and increased participation following recent protocol developments and exchange activity.