Spark (SPK) is under pressure after a sharp 24-hour decline, with the token falling 16.1% to trade at $0.04371 at press time. The drop comes after a strong multi-day rally and appears closely tied to a large on-chain movement involving Tron’s founder, Justin Sun. The sudden shift has pushed SPK into a short-term correction phase, interrupting what had been one of the strongest rallies in the DeFi sector this week. Justin Sun’s token movement triggers sell-off fears The immediate trigger behind the decline was a transfer of 120 million SPK tokens, valued at roughly $5.5 million, from a wallet linked to Justin Sun. The tokens were moved from a Spark staking contract to the Huobi exchange on April 24.
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