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

GateNews
SPK0.61%

Gate News, on April 6, according to Yu Jin monitoring, Spark’s first month of buyback transactions was completed half an hour ago. It spent 571,957 USDS to buy 26.66 million SPK at an average price of $0.0215. The 26.66 million SPK bought back over one month is about 1% of SPK’s circulating supply, and its buyback plan is expected to run for 12 months. Based on this figure, a rough estimate suggests that a one-year buyback could repurchase 12% of the circulating supply of SPK—about 320 million SPK ($6.86 million).

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.

Related Articles

Cryptocurrency infamy comes from a scam-style token launch! New take on an old term: TGE is Team’s Gonna Exit

In an interview with “When Shift Happens,” Anand Gomes criticized TGE tools that have become a way for teams to exit the market, and argued for rebuilding tokenomics with transparency, alignment, and governance (TAG): 80% of team tokens are tied to performance-based milestones, with detours like derivatives and OTC disabled; Paradex focuses on Ethereum, emphasizing privacy and decentralized governance. Bear markets don’t change the focus on building—at the core is the product and value.

ChainNewsAbmedia2h ago

Top 7 Token Unlocks Scheduled for May with $RAIN Leading at $397.51M

Gate News message, seven major token unlock events are scheduled for May. $RAIN leads with the largest unlock valued at $397.51M, followed by $PYTH at $100.16M and $ZRO at $36.78M. Other significant unlocks include $STABLE at $29.44M, $ADI at $28.41M, $PIEVERSE at $26.97M, and $H at $20.18M.

GateNews5h ago

Tether Buys 6+ Tons of Gold in Q1, Reserves Hit $19.8 Billion

According to its quarterly report, Tether Holdings SA purchased more than six tons of gold in the first three months of 2026, bringing its total bullion reserves to $19.8 billion at the end of March. The reserves equate to approximately 132 tons of gold based on spot prices, making Tether the

GateNews6h ago

MegaETH's MEGA Token Debuts With $1.5B Valuation, $490M TVL Flips Monad

According to Decrypt, MegaETH launched its native MEGA token on Thursday morning, achieving a $1.5 billion fully diluted valuation at debut. The Layer-2 network's TVL surged to $490 million, surpassing Monad to become the leading DeFi chain by this metric. Participants in the 2025 ICO saw approxima

GateNews9h ago

Benchmark Defends Strategy's STRC Bitcoin Accumulation Model

Benchmark analyst Mark Palmer defended Strategy's STRC preferred stock model against critiques framing it as a "circular" Ponzi scheme structure in a Wednesday report, arguing such characterizations "mischaracterize" how the company raises and deploys capital. According to Palmer's analysis, STRC

CryptoFrontier9h ago

WLFI Dips 14% as 62 Billion Unlock Vote Sparks Market Controversy

WLFI fell 14% after the proposal introduced 62 billion tokens under new vesting schedules. Community backlash grew despite strong governance approval and near-unanimous voting results. Investors fear long-term supply impact, driving sharp decline from recent price levels. World Liberty F

CryptoNewsLand10h ago
Comment
0/400
No comments