- The Spark price gave a decisive breakout from the $0.026 resistance of a 4-month long consolidation trend.
- Sparklend attracted over $1.4 billion in net deposits within just 48 hours, signaling strong institutional and whale confidence
- The relative strength index (RSI) at 76% indicates a high bullish sentiment in the market.
SPK, the native governance asset of the Spark protocol, is up 1.21% during Tuesday’s U.S. market hours to currently trade at $0.027. The buying pressure followed a capital rotation to leading protocol Sparklend as its major competitor AAVE got caught in the recent Kelp DAO rsETH exploit. The price jumps offer a major breakout from key resistance level, signalling an opportunity for potential recovery in near-term.
Sparklend Gains $1.4B as Kelp DAO Hack Shakes DeFi Markets
On April 18, 2026, Kelp DAO was exploited in a devastating $293 million attack, the biggest DeFi hack of the year. The attacker manipulated a vulnerability in the pro...
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