SPK Token Soars 32% After Mainnet Launch, Whale Activity, and $99K Short Liquidation on Binance

SPKUSDT has experienced a significant 32.47% price increase in the last 24 hours, rising from 0.091376 to 0.121044 USDT on Binance. This sharp upward movement is attributed to several key developments: the launch of the SPK Network mainnet, successful integration with THENA DEX, and heightened market activity following a notable whale deposit to Binance. Additionally, a short liquidation event totaling $99,400 contributed to upward price pressure by forcing short positions to close. Community discussions around an upcoming token unlock have also increased attention and trading volume.

Currently, SPKUSDT is trading at 0.121044 USDT with a substantial surge in 24-hour trading volume, reflecting increased investor interest and market participation. The token’s market capitalization stands at approximately $125.89 million, with trading activity concentrated on major exchanges. The recent bullish breakout and strong fundamentals of the Spark DeFi platform are supporting the positive momentum.