According to Lookonchain, two major whale addresses deposited a combined 39 million SPK tokens, valued at $2.7 million, into Binance immediately after receiving substantial SPK airdrops (Source: Lookonchain, etherscan.io). This large influx of SPK onto an exchange increases available supply, potentially signaling upcoming selling pressure and heightened volatility for SPK traders. Monitoring exchange inflows and whale movements is crucial for short-term price action and liquidity management in the SPK market.

According to Lookonchain, trader 0x7ef29 executed a sale of 1 SPK for 19,687 USDT after a critical misconfiguration in the SPK/USDT liquidity pool by teochew.eth. Before SPK trading went live, teochew.eth created the pool and unintentionally added 19,998 USDT as single-sided liquidity, aiming for a rate of 1 USDT to roughly 19.93 SPK but made a setup error. This resulted in an extremely favorable price for the seller and highlights the trading risks of early-stage DeFi pools, especially those with single-sided liquidity. Such incidents can lead to abnormal price action and present both arbitrage opportunities and heightened volatility for SPK (source: Lookonchain, Twitter, June 17, 2025). Traders should exercise caution with new token launches and monitor liquidity pool configurations closely.