Spark (SPK) Sees Potential Growth Amid Airdrop Anticipation and All-Time High TVL

Key Points

1. SPK's market capitalization doubled from $30 million to $62 million, with trading volume surging 403.90% to $486 million.

2. Spark's TVL reached an all-time high of $8.15 billion, driven by products like Spark Savings (4.5% APY) and SparkLend ($4.9 billion TVL).

3. The price surge is attributed to the Ignition airdrop, with Phase 1 concluding and Phase 2 ('Overdrive') requiring staking SPK via @symbioticfi.

4. Analysts project potential price growth to $0.10–$0.15 if Spark continues developing new DeFi products.

5. Short-term volatility is expected post-August 12 due to airdrop-related staking requirements, similar to patterns observed at the token's launch in June.