Spark uses $4M to buy back 200M SPK tokens after Q3 net returns exceed $4M.

Spark announced it spent $4 million USDS to repurchase over 200 million SPK tokens following a strong third quarter where net returns surpassed $4 million. The returns were driven by growth in Spark Savings' USDT balances, which outpaced funding costs during the quarter. This buyback reflects Spark's positive financial performance and confidence in its protocol's value. The move may support token value and investor confidence going forward.

Spark's SPK token is trading at Rp328 on Pluang as of Oct 28, 2026 21:22 WIB, showing a 1.13% decline in the last day. The token's market cap stands at Rp1.02 trillion with a 24-hour trading volume of Rp111.65 million. Notably, all recent Pluang order activity for SPK is buy orders, and the typical hold time is 14 days, indicating steady investor interest despite the slight price dip.