SPARK, a little-known memecoin launched on the Solana blockchain, has taken the crypto world by storm with an explosive debut. In just under 48 hours, the token soared an astonishing 15,000%, transforming from a near-zero market cap to over $15 million, a move that caught the attention of both traders and influencers across the space.

But in true memecoin fashion, the euphoria was quickly met with intense volatility. SPARK’s price has since dropped by nearly 50%, the result of mounting selling pressure. Yet despite the correction, traders haven’t looked away. SPARK remains a trending topic across crypto circles, with fresh attention potentially setting the stage for another leg upward.

From Ghost Token to Trending Star

At the beginning of the week, SPARK barely registered across social media or tracking tools. But everything changed when AstraBlockio, an on-chain analysis tool, flagged the token while its market cap was still under $50,000. This early mention didn’t go unnoticed, seasoned memecoin hunters quickly took interest.

Soon after, high-reach Key Opinion Leaders (KOLs) in the memecoin space, such as SeiBull and whalewatchdefi jumped in. Their tweets sent SPARK soaring as thousands of followers rushed to buy in. Trading volume exploded, social mentions skyrocketed, and SPARK was no longer a ghost, it was Solana’s newest memecoin sensation.

Even after its price fell, SPARK’s name refused to disappear. In the past 24 hours, social chatter has once again climbed, suggesting growing curiosity and possibly renewed demand.

KOLs and Exchanges Fuel the Hype

What sets SPARK apart from other fleeting memecoin plays is the persistence of its visibility. Investigations uncovered that the token was launched by a pseudonymous figure known as “illusion of Life.” While mysterious, this name has sparked further intrigue among speculative investors.

More importantly, major exchanges have now begun to take notice. Bitget, a well-known crypto exchange, recently posted about SPARK on social platform X (formerly Twitter). Meanwhile, MEXC appears to have added SPARK to its watchlist, fuelling fresh speculation about a potential listing.

These endorsements have significantly boosted SPARK’s reach. Within hours, its mentions on X surged once more, bringing new eyes to the project, even as its price chart remains volatile.

Momentum Builds, But Risks Remain

As of now, SPARK is in a critical phase. The return of social engagement and influencer buzz indicates that the memecoin may be gearing up for a second rally. Some early buyers are reportedly holding firm, publicly voicing confidence in SPARK’s potential for another breakout.

However, memecoin hype is notoriously short-lived, and attention can shift rapidly. If the current wave of interest fades or pivots to a newer project, SPARK’s price momentum could stall. Without sustained hype and growing liquidity, the token could risk sliding back into obscurity.

Watchlist-Worthy or Flash in the Pan?

SPARK’s trajectory reflects the best and worst of the memecoin scene, extreme upside potential tempered by equally brutal corrections. For now, it remains one of Solana’s most talked-about microcaps, with renewed interest signalling another possible upswing.

But in the ever-volatile world of memecoins, attention is the lifeblood. SPARK may have captured it once again. Whether it holds long enough to reach new highs will depend on continued community support, influencer backing, and perhaps, the next surprise exchange move.