Sperax SPA

What SPA actually is on-chain

Sperax is an ERC-20 deployed on Arbitrum, at contract address 0x5575552988a3a80504bbaeb1311674fcfd40ad4b. That address, not the ticker SPA, is what uniquely identifies this asset: anyone can deploy a second token calling itself SPA, but the contract is unforgeable. Verify it against arbiscan.io before sending funds or approving a spend.

Because it lives on Arbitrum, SPA is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in SPA itself, and secondary liquidity sits in Camelot and Uniswap pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For SPA the project publishes a public source repository and an active account as @SperaxUSD. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where SPA sits in the market

At #1637, Sperax is in the lower small-cap band. Books at this depth are thin enough that one sizeable market order can move the printed price by several percent and retrace within minutes, which is precisely why a single static price target makes a poor trigger — you want a condition that survives one wick. Availability is concentrated in a handful of venues and volume-based delisting is a live risk rather than a theoretical one.

CryptoPingAi is currently streaming 2 live SPA order books (Gate.io, HTX). That is coverage in line with a #1637 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. None of the books we see for SPA are regulated US or Korean venues, so this is an offshore-quoted asset — availability, and the price itself, depend on which jurisdiction you trade from.

SPA against its all-time high

SPA is more than 95% below its all-time high of $0.2395 (on 2022-03-23) — a 102x gap. At this point the record has essentially no analytical value: it belongs to a different supply structure, a different holder base and often a different market cycle. The useful reference for SPA is the downside, not the peak, so the range section below matters more than this one. It was set 5 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

SPA across its historical range

The recorded range runs 92.0x, from $0.00260294 to $0.2395 — wide by the standards of traditional assets, moderate for this one's class.

SPA is within -9.5% of its all-time low of $0.00260294, printed on 2026-05-04. This is the part of a chart with no history: there is no prior trading below this level, so there is no support to reference, no volume shelf and no cost-basis cluster to lean on. That low is recent, so this is an active downtrend rather than an old floor holding: each fresh low retires the previous one as a reference.

SPA supply and valuation data

Supply figures for SPA are self-reported at this rank rather than reconciled against the chain, so we publish the valuation we have and not a circulating-supply number we cannot check. What we do have is a fully diluted valuation of $14.0 million as of 2026-05-12. That is in the upper quartile of tracked assets by fully diluted value.

Because that valuation is a snapshot rather than a live figure, we deliberately do not back out a supply number from it — the price has moved since, and the division would produce a confident-looking token count that is simply wrong. Check the project's own explorer for the current supply before using any per-token valuation. The authoritative figure is the one arbiscan.io reports for this contract.

What kind of asset SPA is

Sperax trades primarily as an ecosystem asset rather than as a base-layer network of its own, which means it carries a beta to its host chain. When the host chain's native asset rallies, tokens in its ecosystem typically amplify the move in both directions, and liquidity for them is concentrated on that chain's venues.

CoinGecko files SPA under 8 categories, including BNB Chain Ecosystem, Arbitrum Ecosystem, Ethereum Ecosystem, DWF Labs Portfolio, Stablecoin Issuer. CoinGecko also records deployments on BNB Chain (2,027 tracked tokens), Arbitrum (391 tracked tokens), Ethereum (3,072 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading. Worth flagging from the metadata: SPA is listed in the DWF Labs portfolio, and was held in the Alameda Research portfolio.

How to set a Sperax alert that is worth receiving

Sperax is the ERC-20 at 0x5575…ad4b on Arbitrum — quoted on 2 venues we stream — high dated 2022-03-23 — rank #1637. On this profile the condition that carries signal is a volume-surge condition on the 1-hour or 4-hour candle paired with a wide price threshold.

Full alert-design method: thresholds, RSI/MACD and volume conditions →