SPK Surges 74.6% as Flare Network Token Captures Trader Attention

The native token of Flare network, Spark (SPK), surged by 74.6% against the US dollar in the past 24 hours to April 23, 2026.

This significant gain pushed SPK into CoinGecko's trending section, alongside top assets like Bitcoin (BTC), Ethereum (ETH), and Aave (AAVE).

The rapid price increase was accompanied by a substantial trading volume of $652.5M, exceeding four times the token's market cap of approximately $140M.

Flare launched as a blockchain network designed to bring smart contract functionality to assets like XRP that lack native programmability.

The project conducted a large airdrop of SPK tokens to XRP holders in early 2023, distributing tokens to wallets based on XRP balances held at a specific snapshot date.