Gate News message, April 27 — Spark Protocol released its Q1 2026 financial report on April 27, showing gross protocol returns of $31.5 million (down 31% quarter-over-quarter) and net protocol returns of $6.91 million (down 30% QoQ). Net protocol surplus reached $3.46 million (down 47% QoQ), while t

Gate News message, April 23 — Spark Protocol announced that total staking of its native token SPK has just breached 509.9 million tokens, reaching 509,969,466 SPK. Users who stake SPK can participate in Spark Points Program Season 4 and earn reward points. The milestone comes as Spark has

F2Pool co-founder Wang Chun revealed on X that he earned 83.7M SPK as Spark rewards, sold on CoWSwap for 663 ETH (~$1.4M), and now regrets it. The post underscores crypto volatility and exit-timing risks. Abstract: Wang Chun states he received SPK rewards, sold them for 663 ETH ($1.4M) on CoWSwap, and now expresses regret, illustrating the volatility of crypto holdings and the challenge of timing exits.

Abstract: F2Pool co-founder Wang Chun revealed earning 83.7 million SPK as rewards over the past year and selling them on CoWSwap for about 663 ETH (~$1.4 million), later expressing regret. Wang Chun says he earned 83.7M SPK rewards and sold them for 663 ETH ($1.4M) on CoWSwap, and now regrets the decision.

According to on-chain analyst Yu Jin’s monitoring, Spark completed its first month of token buybacks on April 6, spending 571,957 USDS to purchase 26.66 million SPK tokens at an average price of $0.0215. The buyback program is expected to run for 12 months, with an annual buyback-to-circulation rate of up to 12%.

According to Ember monitoring, in the first month of Spark’s buyback program, 571,957 USDS were repurchased, and 26.6 million SPK were purchased at an average price of $0.0215. The expected annual buyback will reach 12% of the circulating supply, about 320 million SPK.

On April 5, Spark completed its first token buyback, spending 571,957 USDS to purchase 26.66 million SPK tokens at an average price of $0.0215, which is about 1% of the circulating supply. The buyback program is expected to last 12 months, and within the year it could repurchase about 320 million SPK tokens worth $6.86 million.

According to on-chain analyst Yu Yan's monitoring, the lending platform Spark transferred 570,000 USDS to a new multi-signature wallet on March 5th, initiating the SPK token buyback. They have already repurchased 1.84 million SPK tokens, worth approximately $36,000. This buyback plan is expected to last 12 months, with 10% of funds each month allocated for repurchasing.

ChainCatcher message: According to Web3 asset data platform RootData's token unlock data, Spark Protocol (SPK) will unlock approximately 27.891 million tokens, worth about $6.29 million, at 00:00 Beijing time on February 17.

Odaily Planet Daily reports that Sky has removed the Spark (SPK) token rewards for staking SKY tokens. The official Sky account on X stated that this move will reduce the SPK emission by approximately 30%. Combined with the proposed updates to Spark's buyback parameters, these adjustments are expected to reduce the net emission of SPK by 40%. Based on current net income and SPK prices, this is equivalent to reducing emissions by approximately $23 million over the next 12 months.