Spark crypto price has gone parabolic this month as the total value locked (TVL) in the ecosystem has jumped. The SPK token surged to a high of $0.1017, marking a sharp increase from its year-to-date low, and giving it a market capitalization of over $97 million. This surge happened as its volume crossed the $1 billion milestone.
The Spark price soared as on-chain data shows that whales have continued to accumulate the token. These whales jumped by over 57% since June 23 to 10.28 million. They held over 6.28 million tokens on June 28.
At the same time, smart money investors have continued to add to their assets this month. They hold over 56,300 SPK tokens, up from 16,000 last month, indicating that they expect the token to continue rising.
A potential reason for this buying is the view that Spark has a fully diluted valuation of $925 million, much lower than comparable tokens like Aave and Uniswap.
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At the same time, the volume of SPK tokens on exchanges has dropped to 368.37 million, down from last month’s high of 597 million. Falling exchange balances is a sign that investors are moving their tokens into self-custody.
The Spark crypto price has jumped as the total value locked in the ecosystem reached a record high of over $8.18 billion, up from the year-to-date low of $2.3 billion. It has been in a strong rally from less than $50 million in 2023.
All parts of the Spark network have gained market share. The Spark Liquidity Layer, which aggregates data across the USDS, sUSDS, and USDC, has over $4 billion in assets. The savings in the network exceed $2.45 billion, while the SparkLend platform has nearly $4.90 billion in assets.
Supply stables → Earn yield
— Spark (@sparkdotfi) July 21, 2025
Hold USDS on Pendle → Earn points
Stake SPK → Earn more SPK
You see where this is going?
It’s all stacking. All compounding. All working for you.
Can your bank say the same?
Spark Crypto Price Technical Analysis
The 4-hour chart shows that the SPK price has staged a strong bull run this month, moving from a low of $0.029 in July to $0.1017. It has formed a cup-and-handle pattern whose depth is about 55%. Measuring the same distance from the cup’s upper side at $0.0665 gives it a target of $0.1017, which it retested on Tuesday.
The Spark crypto price has reached an overbought level. Therefore, there is a risk that the token price will crash soon to $0.066 and then resume the uptrend.
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