{"id":6198,"date":"2025-07-29T19:56:01","date_gmt":"2025-07-29T19:56:01","guid":{"rendered":"https:\/\/bitunikey.com\/news\/spark-crypto-price-crashes-despite-surging-staking-inflows\/"},"modified":"2025-07-29T19:56:12","modified_gmt":"2025-07-29T19:56:12","slug":"spark-crypto-price-crashes-despite-surging-staking-inflows","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/spark-crypto-price-crashes-despite-surging-staking-inflows\/","title":{"rendered":"Spark crypto price crashes despite surging staking inflows"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Spark crypto price has undone the recent gains. It has crashed by over 57% from its highest point this month and is sitting at its lowest swing since July 22.<\/p>\n<div id=\"cn-block-summary-block_c42ad89a088a8c3952c3fff9e548a471\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Spark crypto price has plunged by 57% from its highest point this month.<\/li>\n<li>The total value locked in its ecosystem has jumped to a record high.<\/li>\n<li>Spark\u2019s staking market capitalization has jumped to $155 million.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Spark (SPK) token dropped to $0.08075, giving it a market capitalization of over $89 million, down from the all-time high of $190 million.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">SPK falls despite rising staking inflows<\/h2>\n<p>The Spark crypto token has plunged even as the staking market capitalization jump. Its staking market cap jumped by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/data.spark.fi\/\" target=\"_blank\">over $17 million<\/a> in the last 24 hours to $155 million. This is a big increase from over $65 million on July 4.<\/p>\n<p>The surging staking market cap is a positive sign, indicating that these investors anticipate the price will continue rising over time.<\/p>\n<p>Spark\u2019s network is also performing well as the SparkLend total value locked jumped by $11.4 million to over $4.72 billion. Its total deposits stood at over $6.98 billion and have generated $64.4 million in revenue.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Further data shows that the total assets in savings jumped by $19 million in the last 24 hours to $2.26 billion. Altogether, the network has over $7.3 billion, up by 17% in the last 30 days.<\/p>\n<p>A potential issue with the Spark token is the ongoing dilution. According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/spark\/#token_unlocks\" target=\"_blank\">CoinMarketCap<\/a>, it is releasing 4.65 million new tokens worth $373,550 each day. Its next key unlock will happen in June next year when it will release 904.6 million tokens. These unlocks will continue through 2035.<\/p>\n<h2 class=\"wp-block-heading\">Spark crypto price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14401059\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">SPK price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The 12-hour chart shows that the Spark token has crashed in the past few days, moving from a high of $0.1900 on July 23 to the current $0.083. It has moved below the 61.8% Fibonacci retracement level at $0.0907.<\/p>\n<p>SPK price has moved below the 25-period Exponential Moving Average, a sign that bears are in control. Also, the two lines of the MACD indicator have formed a bearish crossover.<\/p>\n<p>Spark token\u2019s Relative Strength Index has moved from the extreme overbought point at 90 to 49. Therefore, the token will likely continue falling as sellers target the 78.60% retracement point at $0.06380.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Spark crypto price has undone the recent gains. It has crashed by over 57% from its highest point this month and is sitting at its lowest swing since July 22.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6198"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6198\/revisions"}],"predecessor-version":[{"id":6199,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6198\/revisions\/6199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/5743"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}