Spark, a lending platform, has launched a token buyback program, repurchasing 1.84 million SPK tokens valued at $36,000. The initiative follows the approval of a proposal to allocate $35 million from operating reserves for the buyback. Each month, 10% of these funds will be used to repurchase SPK tokens over a 12-month period. On-chain analyst Yu Jin noted that Spark recently transferred 570,000 USDS to a new multi-signature wallet and began acquiring SPK through CoW Swap's TWAP function.