Spark (SPK) has surged into focus after a powerful rally, signaling a decisive shift in market sentiment. The token trades at $0.05384, posting a 78% daily gain and a 145% weekly jump. This sharp move reflects more than short-term hype; it highlights a structural transition from prolonged accumulation into a breakout phase.
SPK spent several weeks moving sideways between $0.020 and $0.026, forming a solid base after the price rebounded from lows near $0.017. The breakout confirms a shift from accumulation to a sustained bullish trend phase, with rising open interest and inflows showing renewed trader confidence and demand. Support at $0.037 and $0.032 remains crucial to sustain upside momentum.
Spark’s SPK jumped as much as 73% in 24 hours after Upbit announced a new listing for Korean traders. Upbit’s KRW market addition for SPK opens the token to one of the world’s most active retail trading bases, where local order books often trade at a premium to global venues and can dominate short-term flows. The rally also coincided with Spark’s announcement on X that total staked SPK has exceeded 500 million tokens, signaling deepening holder commitment.
In a post highlighted by TechFlow, Spark told users that “the total staked native token SPK has just surpassed 500 million tokens,” specifying that on-chain data showed 509,969,466 SPK locked, and inviting participants into its Spark Points reward program. Earlier analytics indicated over 136 million SPK staked by more than 3,400 users when the network was smaller, suggesting the staking footprint has expanded by several hundred million tokens as Spark’s total value locked climbed into the multi-billion-dollar range.
Retail traders also seized on a post from F2Pool co-founder Wang Chun, who disclosed on X that he had received 83.7 million SPK as rewards from Spark over the past year but chose to sell them on CoWSwap. “I received 83.7 million SPK rewards from Spark and sold them on CoWSwap for 663 ETH and 1.4 million dollars. I regret it a bit now,” Wang wrote, a line that quickly circulated across trading forums as a contrarian signal of perceived upside left in the token.
