Spark buys back 1.84M SPK for $36K

DeFi lending protocol Spark appears to have recently initiated a buyback of its SPK token, according to a report from EmberCN. The on-chain analysis firm noted that an address believed to belong to Spark transferred 570,000 USDS to a new multi-signature address two days ago. This address then used CoW Swap's TWAP feature to purchase small amounts of SPK in multiple transactions. To date, the address has bought back 1.84 million SPK, valued at $36,000.