Main notes
- SPK has lost more than 70 % value within hours from the June 17 list.
- More than 300 million symbols have been sold quickly by Airdrop recipient.
- SPARK has $ 8 billion in TVL but faces questions on Tokenomics.
SPK, the original symbol of SPARK, decreased more than 70 % within hours of June 17 on stock exchanges like Binance, Kucoin, BYBIT and Bitget. After opening near $ 0.177, the distinctive symbol decreased sharply to about $ 0.050, as Airdrop recipient quickly emptied the holdings. The decline has wiped out more than $ 120 million in the market value and raised concerns about the distinctive symbol launch structure.
SPX price scheme | Source: TradingView
According to Coingecko dataMore than 300 million SPK trading icons entered during the first trading session. Binance It was distributed alone 200 million SPK for users who stumbled negatively
BNB
$ 644.9
24 hours fluctuation:
0.3 %
The maximum market:
94.06 dollars b
Folder. 24h:
803.20 m
In the previous week. Many of these beneficiaries have moved quickly for sale, while pressing the delicate liquidity already via multiple trading places.
Maintain the platform
SPARK’s circulating offer started with 1.7 billion SPK, which represents 17 % of a total of 10 billion symbolic supplies. This increase in the available symbols overcame early request books. With insufficient demand for the purchase side, prices collapsed in a familiar pattern seen with other Airdrop.
Price behavior reflects this increasing trend as RAPROPS widely rewards negative users who quickly come out of the centers. Similar problems have been observed with release operations such as arbitrary and layerzero, as early momentum fade with liquidity drain.
Despite the weak start of SPK, the SPARK platform maintains about $ 8 billion in the total closed value through its ecological system Defi. Customize the distinctive symbol distribution plan 65 % for agriculture, 23 % for the use of the ecosystem, and 12 % for shareholders. Agriculture has not started yet, and most early liquidity has been directed to users who are actively involved in the protocol.
The exchanges including Binance and Coinbase have included the distinctive symbol under warning stickers, such as the seed and experimental mark, due to fluctuations and uneven trading environments.
According to Trader Niels (@Web3NILS), co -founder of TED Labs, SPK has gained 600 % of the launch price of $ 500 million in trading volume, indicating the key resistance at $ 0.057.
$ Spk by Sparkdotfi It was a great launch.
Nearly 600 % of its launch has been pumped and still keeps more than $ 0.05
It reached a volume of 24 hours approximately $ 500 million, and Coinbase also announced $ Spk existing.
Talk from the perspective of the graph, $ Spk It needs a fracture above $ 0.057 for the new ATH.
Watch … pic.twitter.com/fqpownhd9c
– Nels (@web3niels) June 18, 2025
The appearance of SPK follows a common path now. Symbols like falsehood,
apartment
$ 4.46
24 hours fluctuation:
1.1 %
The maximum market:
$ 2.86 b
Folder. 24h:
170.55 dollars
Kaito all faced rapid decreases after generous AirroProps followed a collective sale.
While some assets managed to settle, others remain much lower than their initial prices. Analysts note that unless the projects turn towards a long -term participation reward, this course may continue.
Solaxy (SOLX) introduces the final stage with more than $ 54 million collected
Solaxy ($ Solx)Solana -2 layer -based network, approaching the end of it before the next exchange. The project aims to reduce congestion on Solana Blockchain by processing transactions outside the series. The main infrastructure including Testnet, Taken Bridge and Block Explorer are already present.
Pressale raised more than $ 54 million, and users who deliver $ Solx can earn 78 % APY bonuses. Investors can join Solana
Teller
147.5 dollars
24 hours fluctuation:
0.2 %
The maximum market:
$ 77.84 b
Folder. 24h:
$ 4.16 b
Usdt or a bank card.
To buy $ Solx at the current price of $ 0.001766, go to The official Suclcy website And connecting a supported portfolio like Best portfolio.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
The post SPK Token Crashes Over 70% After Launch as Airdrop Recipients Trigger Selloff first appeared on Investorempires.com.
