SPK Token Plunges 16.88% Amid Post-Airdrop Sell-Off and Surge in Futures Trading Volume
SPKUSDT experienced a significant price decline of -16.88% over the past 24 hours, with the current price at 0.047089 USDT. The sharp drop is primarily attributed to heavy post-airdrop selling following the recent major exchange listings and large-scale airdrops, which led recipients to rapidly liquidate their tokens and triggered heightened volatility. Additional contributing factors include the launch of perpetual futures contracts on major exchanges, which increased speculative trading and amplified price swings. Trading volume remains elevated, with 24-hour turnover between $378 million and $410 million, and the circulating supply stands at approximately 822.72 million SPK. Overall, SPK is experiencing extreme volatility and active trading, driven by new listings, airdrop events, and the introduction of derivatives products.
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🇺🇸👀 #macro Powell – Key Remarks:
- Inflation remains above target (2%), especially due to recent tariffs.
- Tariffs could have a more persistent impact on inflation and economic activity.
- Short-term inflation is expected to rise over the summer, driven by goods prices.
- Labor market remains stable; no signs of weakness requiring immediate rate cuts.
- Fed policy is moderately restrictive, and the current stance allows flexibility.
- No urgency to cut rates — the Fed prefers to wait for more data before acting.
- Rate cut decisions will depend on real economic data, not forecasts.
- Fed is open to adjusting rates later, but sees no strong case for a move now.