Spark completes its first-month token buyback, spending 572k USDS to buy 26.66 million SPK

GateNews

2026-04-06 12:13:29

SPK3,62%

Gate News message. April 6, according to on-chain analyst Yu Jin monitoring, Spark completed its first-month token buyback half an hour ago, spending 571,957 USDS to purchase 26.66 million SPK tokens at an average price of $0.0215. Over one month, the 26.66 million SPK tokens bought back are about 1% of SPK’s circulating supply. The project’s buyback plan is expected to continue for 12 months. Based on a rough estimate from the first-month data, after a year of buybacks, it could buy back 12% of the circulating SPK supply—about 320 million SPK tokens (worth $6.86 million).

View Source

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments