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

GateNews

2026-04-05 12:12:08

SPK-2.38%

Gate News update, April 5, 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 at an average price of 0.0215 USD. The 26.66 million SPK bought back in this repurchase is about 1% of the circulating supply of SPK. It is understood that Spark’s buyback plan is expected to last 12 months. Based on the current buyback pace, an estimated 12% of the circulating supply of SPK could be repurchased within a year, about 320 million SPK (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