According to Lookonchain, two whale wallets that received massive SPK airdrops have deposited a total of 39 million SPK, valued at $2.7 million, into Binance (source: etherscan.io/address/0xaaf9, etherscan.io/address/0xaa15, Lookonchain on Twitter, June 17, 2025). This substantial inflow to Binance suggests increased sell-side pressure on SPK, making short-term volatility likely. Traders should closely monitor Binance order books and on-chain data for SPK, as large deposits from whales often precede significant price movements or downward pressure, especially following airdrop distribution.

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.