What do you know about the SPK coin? Take a look

What do you know about the SPK coin? Take a quick look #Binance_Square_Sequential

• The token was launched on June 17, 2025, through an airdrop process, where 300 million SPK (~$18 million) were distributed to active users on the protocol.

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

• 65% for farmers.

• 23% for the ecosystem.

• 12% for core contributors.

🚀 Performance After Launch

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

• But the price faced sharp declines:

• A drop of about 23.9% after the first day.

• A decrease of more than 54–70% from the peak launch, due to quick sell-offs from airdrop beneficiaries.

🌐 Adoption and Platform

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

• It was placed on Coinbase under the 'Experimental' category with the ability to buy once sufficient liquidity is achieved.

🏗️ Role and Function of SPK

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

• It is also used for staking, where users earn Spark Points and future rewards.

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