News linked to both this project and an event.
according to Ember monitoring, an Ethereum 1CO whale still actively trading has borrowed 10 million USDe from Aave 2 hours ago and purchased 5,817 ETH at an average price of approximately $1,719.Currently, this whale has collateralized approximately 147,000 ETH (worth about $253 million) on Aave and Spark, and has borrowed approximately $276 million in stablecoins. The current liquidation price for this position is around $1,432.
According to on-chain analyst Onchain Lens (@OnchainLens), a whale has deposited 10,570 ETH—worth approximately $17.32 million—into Spark, then borrowed 30 million USDS via a looping lending strategy and used the proceeds to purchase 14,730 wstETH, equivalent to roughly 18,250 ETH.
according to on-chain analyst EmberCN's monitoring, 15 minutes ago, a whale on-chain borrowed 30 million USDS from Spark via recursive lending, and then used it to buy 18,212 ETH at an average price of $1,647.
According to on-chain analyst Ember (@EmberCN), Wang Chun, co-founder of F2Pool, withdrew 9,719 ETH—worth approximately $16.16 million—from Binance half an hour ago, and subsequently deposited the ETH into Spark.
according to on-chain analyst Ember monitoring, Ethereum bulls have borrowed a total of 58 million U from Spark today to purchase 32,919.2 ETH, at an average price of $1,762.
according to Ember monitoring, a whale borrowed 50 million USDT from Spark to purchase 20,000 ETH, valued at approximately $40.2 million. This whale had previously spent $500 million to buy BTC and ETH in early February and liquidated 4,000 cbBTC last month, and has now bought ETH again after a month.
According to on-chain analyst Ai Aunt (@ai9684xtpa), the ETH swing whale nemorino.eth purchased 7,908.3 $ETH on-chain via CowSwap 13 hours ago, at an average execution price of $2,117.46, totaling approximately $16.74 million. Of this, 2,372.71 $ETH were bought on leveraged margin after borrowing 5 million $DAI via Spark staking.
According to on-chain analyst Ember (@EmberCN), the whale nemorino.eth purchased 7,908.3 ETH at an average price of $2,113 one hour ago, spending a total of $16.71 million in USDC. The transaction was executed as follows: first, using its own $11.71 million in USDC to buy 5,535.6 ETH; then depositing those ETH into Spark as collateral to borrow $5 million in DAI; and finally using the borrowed DAI to purchase an additional 2,372.7 ETH.
Odaily Odaily Odaily Odaily According to on-chain analyst Ember CN, the whale nemorino.eth (0x8ae...e0d) withdrew 8,424 ETH from Spark 1 hour ago and sold them at $2,124, worth $17.9 million, losing $2.25 million. At the beginning of this month, when ETH rebounded, the address borrowed stablecoins from Spark to leverage long ETH, with an average purchase cost of $2,391. After clearing the position and repaying the loan, the remaining 11.71 million USDC was deposited back into Spark.
according to on-chain analyst Ai Yi’s monitoring, Justin Sun withdrew 41.99 million SPK staking rewards from Spark, valued at $1.23 million, and subsequently deposited all of them into HTX. Since September 2025, Justin Sun has transferred a total of 610 million SPK to exchanges, worth $19.08 million.
: According to monitoring by on-chain analyst @EmberCN, a whale holding 137,400 ETH added another 5,001 ETH to their position 3 hours ago.Data shows that the address borrowed approximately 10.6 million USDT via Spark and Aave, and purchased 5,001 ETH at an average price of around $2,120. Currently, their total holdings amount to 137,400 ETH, valued at approximately $290 million. The position utilizes leverage from Aave and Spark loans, with the current overall liquidation price being approximately $1,324.
: On-chain analyst Tom Wan stated on platform X that the current ETH utilization rate has dropped below 90%, and the lending APY has fallen to 1.9%. Since the rsETH LayerZero cross-chain bridge was attacked, the deposits of wstETH and weETH have decreased by approximately $1.2 billion and $1.76 billion, respectively. As the strategy of leveraged looping wstETH/weETH against ETH becomes profitable again, market attention is turning to whether demand for ETH leveraged loops will return, or if capital will continue to wait on the sidelines or flow into protocols like Spark and Morpho.
according to on-chain analyst EmberCN's monitoring, Spark transferred 326,900 USDS to a buyback wallet 6 hours ago and initiated the 3rd month of SPK buybacks.In the previous two months, Spark spent a total of 986,000 USDS to buy back 41.372 million SPK at an average buyback price of $0.0238.
According to on-chain analyst Ai Aunt (@ai_9684xtpa), the swing trading address nemorino.eth purchased 2,091.43 ETH at an average price of $2,386.78 during the market downturn 12 hours ago—valued at approximately $5 million—and has since deposited the assets into the Spark Protocol to earn interest.
According to on-chain analyst Ai Yi's monitoring, a suspected Justin Sun address has withdrawn another 3.2 million USDT from Spark. Since April 29, it has accumulated withdrawals of $96.62 million in stablecoins. The treasury address 0x939…6A1D1 still holds $1.15 billion in Spark, including 1.02 billion USDS and 131 million USDC.
According to on-chain analyst Ai Aunt (@ai9684xtpa), Sun Yuchen’s address 0x939…6a1d1 withdrew $300 million worth of USDS from Sky and deposited it into Spark within the past three hours. This address has now deposited approximately $1.3 billion in assets into Spark, with USDS farming rewards totaling $5.38 million. Specifically, USDS deposits amount to $436 million, representing 18.72% of the deposit pool; USDC deposits total $135 million, accounting for 28.17%; and USDT deposits stand at $93.39 million, making up 9.89%.
According to on-chain analyst Ai Aunt (@ai9684xtpa), Wang Chun, co-founder of F2Pool, stated this morning at 07:21 that he sold 83.7 million SPK tokens last year and is now “somewhat regretful.” Subsequently, Upbit officially announced the listing of SPK at 10:20, and Spark announced at 20:06 that the total staked SPK supply had exceeded 500 million tokens. Market data shows SPK surged up to 73% within 24 hours and topped Binance’s gainers list.
Spark announced on X that the total staked native token SPK has just surpassed 500 million tokens, reaching 509,969,466 tokens according to its displayed data. Users staking SPK can now participate in Season 4 of the Spark Points Program and earn points rewards. Previously, due to the rsETH security incident, funds continuously flowed out of Aave, while Spark absorbed some of the capital withdrawn by large whales/institutions from Aave.
According to on-chain analytics platform Lookonchain (@lookonchain), a whale with the wallet address starting with 0xD91D created a new wallet (address starting with 0xEb2a) and deposited 9,500 wstETH into Spark. Subsequently, this address borrowed 9,500 ETH (valued at approximately $22.68 million) and sent it to Binance for sale. Later, the whale withdrew USDE from Binance to repay the loan on Aave.
According to on-chain analyst Yujin (@EmberCN), since the rsETH incident, funds have continuously flowed out of the Aave platform—approximately $15.1 billion in total over 3.5 days. Total deposits dropped from $48.5 billion pre-incident to $30.7 billion, representing a withdrawal of roughly one-third of funds; stablecoin outflows amounted to $4.5 billion. However, due to this capital outflow, the platform’s stablecoin deposit APY temporarily remained elevated at 13.4%. During the same period, Morpho saw outflows of approximately $1.5 billion, with total deposits declining from $11.7 billion to $10.2 billion. In contrast, Spark experienced逆势 fund inflows: its TVL rose from $1.9 billion to $3.2 billion—an increase of about $1.3 billion—partly driven by reallocation from whales such as Justin Sun and institutions withdrawing from Aave.