It's obvious to me there's major market manipulation in SPA since launch, which continues. Network hash going up 100 GH/s in an instant, then dropping just as fast. Fake BTC injection to pump the price and then dumped. Even now as the price plummets, in the past hour hash tripled to over diff 800 and just dropped back to 150 in an instant. I would expect at least one more pump incoming!
Of course the is manipulation since one guy held 50% of the coins. They got sucks BTC and then can buy and sell from themselves driving up the market for the next batch of suckers. Anyone that traded any BTC for this coin fell for the scam hook, line and sinker.