What do you know about the SPK token? A quick glance #Binance_Square_Sequence

• The token was launched on June 17, 2025, through an “airdrop,” distributing 300 million SPK (worth ~18 million dollars) to active users on the protocol.

• Total supply: 10 billion SPK allocated over 10 years:

• 65% for farming

• 23% for the ecosystem

• 12% for core contributors.

🚀 Performance after launch

• The token saw a strong rise immediately upon listing on major exchanges like Binance, Coinbase, KuCoin, and others.

• However, the price faced sharp declines:

• Down about 23.9% after the first day.

• Dropped over 54–70% from the launch peak due to quick sell-offs by airdrop beneficiaries.

🌐 Adoption and platform

• Listed on major exchanges like Binance, with appearances accompanied by “airdrops” to attract users.

• Placed on Coinbase under the “Experimental” category with the possibility of purchase once sufficient liquidity is achieved.

🏗️ Role and function of SPK

• The primary governance token of the Spark protocol, enabling beneficiaries to vote on updates and set interest rates like the Sky Savings Rate.

• Also used for staking, where users earn Spark Points and future rewards.

• The protocol manages approximately $7.9 billion in TVL and $3.5 billion in stable liquidity across multiple networks such as Ethereum, Base, Arbitrum, and Optimism $SPK

#BNB