TRON founder Justin Sun reportedly reinvested the large amount of $SPK (Capital Markets Board) rewards he received from the Spark ecosystem back into the stock exchange.
Sun withdrew a total of 41.99 million $SPK staking rewards from the Spark platform in the last two weeks. It has been suggested that all of these tokens, worth approximately $1.23 million, were subsequently transferred to the $HTX exchange and may have been offered for sale on the secondary market.
According to the analysis, this latest transfer is part of a long-standing pattern of $SPK (Capital Markets Board) token transactions by wallets linked to Justin Sun. Data shows that addresses associated with Sun have transferred approximately 610 million $SPK tokens to centralized exchanges since September 2025. The total market value of these transfers is estimated to be around $19.08 million.
Market experts point out that sending large amounts of tokens to centralized exchanges can often create selling pressure. High-volume transfers, in particular, are interpreted by investors as a signal of potential profit taking. However, there is no official confirmation as to whether the transfers are definitively intended for selling purposes.
While Justin Sun and $HTX have yet to make an official statement on the matter, on-chain activity is being closely monitored within the Spark community. The potential impact of the Capital Markets Board ($SPK) decision on the token price is also being closely watched by investors.
Large wallet movements in the crypto market are often among the developments that increase short-term volatility. Transactions carried out by prominent figures in the sector, such as Justin Sun, can have a significant impact on investor psychology.
Experts say the impact of such transfers on the market will only become clear with subsequent transaction data and stock market flows.
*This is not investment advice.
