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Spark Repurchases 1.84 Million SPK Tokens, Investing Approximately $36,000
Summary: According to reports, Spark transferred 570,000 USDS into a new multi-signature wallet two days ago and used CoW Swap's TWAP function to make multiple small purchases of $SPK. As of now, they have repurchased 1.84 million SPK tokens, worth approximately $36,000. Spark's repurchase mechanism involves reserving $35 million in operational reserves in the treasury, with ...
According to reports, Spark transferred 570,000 USDS into a new multi-signature wallet two days ago and used CoW Swap's TWAP function to make multiple small purchases of $SPK. As of now, they have repurchased 1.84 million SPK tokens, worth approximately $36,000. Spark's repurchase mechanism involves reserving $35 million in operational reserves in the treasury, with the remaining funds extracting 10% monthly for SPK repurchases, planned to continue for 12 months.
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Link: Spark Repurchases 1.84 Million SPK Tokens, Investing Approximately $36,000 [Copy]
