Risks and Considerations | $SPK
Momentum driven by the airdrop
The price is likely to be elevated by expectations of immediate profits from users claiming the 'Overdrive' airdrop. Once this event concludes, we may see:
High volatility: speculative purchases could quickly reverse.
Possible corrections: a drop in price from those liquidating positions after receiving the tokens.
When does Overdrive end?
The Overdrive phase starts after Ignition and has been active since July 29, 2025. During this period, those staking their claimed SPK can earn additional SPK.
The staking period must be maintained until August 12, 2025.
How far could the price drop after the event?
Bitrue estimates a drop towards $0.056–$0.046 if participants quickly liquidate their rewards after the airdrop.
A technical approach suggests that SPK could find support between $0.045 and $0.060, although if significant selling occurs, the price could retreat towards that range.
Yes, there is a real risk of price correction after August 11, when the Overdrive tokens can be claimed and sold freely. It is crucial to observe if a mass sell-off will occur, which could bring the price down to the mentioned support levels.