SPA trading volume declined roughly
↘34%
over the past week while price rose roughly
↗2%
over the same period.
Price rises despite selling pressure
Price climbed roughly
↗7%
over the past month even as selling activity outpaced buying activity by approximately 3:1 over the past 24 hours, showing price stability despite more sellers than buyers in the market.
Lagging other blockchain projects
Other Layer 2 blockchain projects rose roughly
↗35%
over the past week while SPA rose roughly
↗2%
over the same period, indicating different levels of investor interest across similar technologies.
Large supply on exchanges
Approximately 44% of circulating supply sat on exchanges as of the latest snapshot, while only roughly 41% of the maximum total supply was circulating, leaving significant supply yet to enter the market.
Future supply considerations
The fully diluted value stood at approximately 2.4 times the current market cap, meaning the total value if all tokens were circulating would be more than double today's level.