Sparklo (SPRK) Gets New Crypto Whales as Arbitrum (ARB) Transaction Volume Dips 92%
Amidst the declining total crypto market capitalization, cryptocurrencies like Arbitrum (ARB) have struggled to generate significant price momentum. As a result, investors are gravitating toward promising projects like Sparklo, which is currently in its presale phase. Moreover, experts and crypto observers have forecasted Sparklo to yield returns of up to 5,000x upon its launch. Presently, the SPRK token is accessible for only $0.026, with a strong potential of increasing to $0.050 soon.
Sparklo (SPRK) introduces fractional NFTs investment in precious metals
Sparklo is poised to transform the trading of precious metals with its upcoming platform. Through the SPRK token, investors will be able to engage, buy and sell gold, platinum, and silver. Each fractional investment will be represented by a minted non-fungible token (NFT), closely tied to the corresponding precious metal it represents.
Meanwhile, Sparklo has obtained a KYC (Know Your Customer) report from Block Audit Report, ensuring compliance with regulatory standards. Furthermore, InterFi Network has audited Sparklo’s smart contract. To promote stability and foster user confidence, Sparklo will lock the team’s tokens for 1000 days and liquidity lock for 100 years.
Currently, Sparklo is conducting its second presale phase, offering its tokens at an enticing price of only $0.026. Early adopters can take advantage of the ongoing 50% bonus on their token purchases and accumulate large amounts of the token before its price rises.
Arbitrum (ARB) transaction volume plummets despite the increase in new addresses
Arbitrum (ARB) experienced significant gains last week as bulls attempted to reclaim the $1.20 zone. However, recent on-chain data reveals that bears have now taken control. While Arbitrum (ARB) has garnered attention for its adoption and increased network activity, transaction volume for Arbitrum (ARB) has been declining. Between May 8th and May 22nd, active addresses surged by 41%. In contrast, daily Arbitrum (ARB) transaction volumes dropped by 92% from its peak of 1.27 billion to 102.38 million ARB.
This decline in transaction volume suggests that new participants may not be engaging in transactions as frequently or at the same volume as existing users. Notably, a significant Arbitrum (ARB) whale group with balances ranging from 10 million to 100 million ARB tokens has initiated another sell-off, having unloaded over 130 million ARB tokens between May 17th and May 22nd. Unless daily ARB transaction volume sees an increase, ARB holders could experience a substantial price drop in the days ahead. By press time, Arbitrum (ARB) stands at $1.13, a 3.65% decrease over the past 24 hours.
Find out about the Sparklo (SPRK) presale using the links below:
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
