Spark crypto price crashes despite key metric hitting a record high

Description

Spark token continued its freefall on Wednesday, June 18, a day after launching its highly anticipated airdrop. Spark ( SPK ) plunged to a low of $0.0470, down 30% from its highest point a day earlier. The decline came as its 24-hour trading volume surged 80% to over $378 million, significantly higher than its market capitalization of $83 million. Its fully diluted valuation also rose. The token crashed even as Spark’s ecosystem continued to show strength. According to DeFi Llama, the total valu...