SPK Token Soars 87.76% After Perpetual Contract Listings and Surging Trading Volume on Binance

SPKUSDT has experienced a significant price surge in the last 24 hours, with the price on Binance rising 87.76% to $0.077861 from an opening of $0.041468. This sharp increase is attributed to heightened trading activity following recent listings of SPKUSDT perpetual contracts on major exchanges, including Binance, which introduced leverage trading and attracted substantial market interest. Additional contributing factors include increased on-chain activity, particularly large transfers from airdrop recipients to exchanges, and technical signals indicating a reversal after a previous pullback.

Currently, SPKUSDT is trading at $0.077861 on Binance with a 24-hour volume of 1.53 billion SPK (92.07 million USDT), reflecting strong market momentum and elevated volatility. The asset has shown notable long-term gains and continues to attract attention due to its role as the governance and staking token for Spark Protocol, with a circulating supply of approximately 1.016 billion out of a total 10 billion.