Gate News update, April 5, according to on-chain analyst Yu Jin monitoring, Spark completed its first-month token buyback half an hour ago, spending 571,957 USDS to purchase 26.66 million SPK at an average price of 0.0215 USD. The 26.66 million SPK bought back in this repurchase is about 1% of the circulating supply of SPK. It is understood that Spark’s buyback plan is expected to last 12 months. Based on the current buyback pace, an estimated 12% of the circulating supply of SPK could be repurchased within a year, about 320 million SPK (worth $6.86 million).
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