July 2025 has been a breakout month for $SPK SPK, the native token of the Spark Protocol. The coin surged by over 800% during the past 30 days, attracting major attention from traders, DeFi users, and institutional investors alike.
At its peak on July 23, $SPK SPK reached an all-time high of $0.1845, before retracing to its current level around $0.0965. Even with the correction, it remains up nearly 200% in the past two weeks and more than 3x from its monthly low of $0.0293.
One of the key drivers behind SPK’s rally has been a massive drop in exchange balances, down 37%, indicating accumulation by long-term holders. At the same time, whale wallets have added over 3.9 million SPK in just one month.
Spark Protocol itself continues to grow rapidly. With billions in total value locked (TVL) deployed across lending platforms like Aave, Morpho, and real-world asset networks, it is becoming a major player in DeFi infrastructure.
Analysts suggest that SPK could see another leg upward if it reclaims the $0.15 resistance zone, with some price models forecasting potential targets of $0.48 by the end of 2025, depending on market conditions.
Despite the excitement, traders are urged to remain cautious, as $SPK
SPK remains highly volatile and subject to upcoming token unlocks.