SPK is the native token of the Spark DeFi capital‑allocating protocol, used for governance, staking, and participation in yield‑optimizing products.
After its mid‑2025 launch and large airdrop, SPK saw sharp volatility — surging then crashing as early holders sold post‑airdrop, a common pattern in airdrop‑led launches.
The price remains well below its all‑time high (~−88% from peak), consolidating near key support levels amid broader market weakness.
Recent protocol developments — such as raised savings caps and governance proposals — aim to expand utility and attract deposits, which could support SPK’s long‑term value if adopted.
Institutional integrations like on‑chain lending services may bolster ecosystem credibility, though the token’s risk remains tied to DeFi sentiment and broader market trends.
Traders should watch key support/resistance levels and TVL growth to gauge momentum and possible trend shifts.
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