Solana has once again proven its memecoin magic with the sudden emergence of SPARK, a token that surged an eye-watering 15,000% in under 48 hours. The price action turned heads across the crypto space, launching the coin from near-total obscurity to a $15 million market cap in record time.

However, just as quickly as SPARK soared, it shed nearly half its value, a stark reminder of the volatility that defines the memecoin landscape. While critics warn about the risks, those who caught the early signals are still reeling from the dramatic gains.

From Ghost to Trend: How SPARK Caught Fire

At the start of the week, SPARK barely registered on crypto social trackers like Xalpha’s Cashtags. There was little buzz, no trading momentum, and almost zero mentions. That changed overnight.

The early turning point came when on-chain analytics tool AstraBlockio flagged SPARK with a market cap still under $50,000. The post, seen by sharp-eyed traders and influencers, sparked early momentum. Soon, some of the most influential figures in the memecoin world jumped in.

Big-name Solana-centric KOLs like SeiBull and whalewatchdefi began tweeting about SPARK just as its price began to climb. With their massive followings and timely calls, the coin transitioned from low-cap obscurity to a top-trending Solana token almost overnight.

As more users piled in, SPARK saw its social volume, trading activity, and market cap skyrocket, all hallmarks of a classic memecoin frenzy.

Pullback and Pause: Price Correction Hits Hard

Following the explosive rally, SPARK encountered the inevitable downside. A wave of profit-taking led to a steep correction, with the token losing almost 50% of its peak value. Social mentions cooled, trading volume dropped, and the memecoin appeared to lose momentum.

However, unlike many quick-fade plays, SPARK has not completely vanished from the radar. Instead, it appears to be gearing up for a potential second wave. In the past 24 hours, social chatter has picked up again, hinting at renewed interest among traders and speculative investors.

KOLs and Exchanges Keep the Hype Alive

One of the most intriguing developments around SPARK is the revelation that it was created by a handle known as “illusion of Life”. This mysterious origin story has only added fuel to the speculative fire.

Key Opinion Leaders (KOLs) continue to talk about the token, and exchange interest is growing. Bitget recently posted about SPARK, and MEXC has added the coin to its watchlist, indicating broader attention from centralised platforms.

These mentions have revived buzz on X (formerly Twitter), with SPARK-related posts climbing significantly over the last few hours. Early adopters remain vocal and bullish, suggesting that the token’s rally might not be over just yet.

Will SPARK Burn Out or Blaze Higher?

In the unpredictable world of Solana memecoins, attention is everything. SPARK currently benefits from a steady stream of social chatter, influencer backing, and potential exchange exposure. But history shows that without sustained hype, even the most promising plays can vanish quickly.

For now, SPARK is very much in the game, but whether it reclaims its peak or fades into obscurity will depend on what happens in the coming days. If traders continue to circle, and if exchange listings materialise, the memecoin could have more fuel left in the tank.