Spark (SPK) Debuts With $18 Million Airdrop — Key Details Inside

• Spark (SPK) airdropped 300 million tokens on June 17.
• SPK has a market capitalization of $40 million and is ranked #785.
• The SPK price has already created a horizontal trading range.

Spark is a decentralized lender with over $8 billion in Total Value Locked (TVL), nearly $4 billion in loans, and $200 million distributed as yields.

The project took the next step in its project by airdropping its native token SPK on June 17. The token was listed on centralized exchanges such as Bitget, Bybit, KuCoin, and Binance.

This article will examine the newly released SPK’s airdrop, allocation, and price movement.

SPK Airdrop

Spark minted 10 billion SPK tokens at Genesis, which will be distributed over ten years. The supply allocation is as follows:

• SPK farmers will receive 65% over 10 years.
• The ecosystem will get 23%
• Contributors will receive 12%

Farmers represent the largest portion of the allocation, though the farms are not yet live. The rate of distribution will gradually decrease over time, ensuring low inflation.

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New emissions will decline from 1.62 billion in year one to 203 million in years 7 through 10.

The second largest allocation goes to the ecosystem, which received the entire 300 million airdrop. The next allocation will begin after one year. Finally, 1.2 billion SPK tokens will go to contributors.

The first release will be a cliff unlock, after which a linear vesting schedule will follow.

There was initial concern about the recipients of the airdrop, mainly about the fact that those who worked on the project did not receive anything. Still, the price is in a relatively good position, with a $40 million market capitalization at launch.

More than 10 million SPK tokens have already been staked, highlighting conviction for the project. Staked SPK will secure the protocol and allow stakers to participate in governance.

How Metrics Fare

The Spark Protocol has seen an increase in cumulative users over time. The first wave of increases occurred in 2023.

While the protocol stagnated in 2024, it rallied again in 2025, possibly anticipating the airdrop.

The number of cumulative transactions has also crossed over 80,000.

As for the price action, SPK trades between $0.055 and $0.063. It deviated above the range high (black circle) before falling below.

Nevertheless, the SPK price still trades in the range’s upper portion.

Moreover, the wave count suggests SPK is completing wave four in a five-wave upward movement. Therefore, once the correction is over, another rally is likely.

A new all-time high price near $0.065 could occur if that happens.

Successful SPK Airdrop

Despite some slight concerns about the allocation, the SPK airdrop was successful, with no notable issues.

SPK debuted in the top 800 largest cryptocurrencies and trades between $0.055 and $0.063.