SPX6900: The Meme Coin That’s Got Everyone Talking (And Laughing) 🤣

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TL;DR

  • SPX6900 price soars 20% in a week, with $94M in daily volume, but who’s actually buying? 🤔
  • Social dominance hits a 2-month high, but is it just a lot of noise? 📢
  • Active and new address counts drop, signaling a possible exodus. 🚪

SPX6900 (SPX) is trading at $1.42 as of press time, a 8% jump in the past 24 hours. This follows an earlier 11% surge, bringing its 7-day gain to a whopping 20%. The current market cap stands at $1.32 billion, based on a circulating supply of 930 million tokens. Daily trading volume reached $94.4 million, with price action ranging between $1.28 and $1.44, according to Coingecko data. SPX6900 is still down 17.8% from its all-time high of $1.73, recorded on June 11, 2025. Yet, the broader trend remains upward, buoyed by recent market interest and social activity.

Interestingly, SPX6900’s social dominance has hit 0.913%, the highest in over two months. This metric reflects the share of online discussions across major crypto media platforms related to SPX compared to other tokens. It’s like the coin has become the life of the party, but is anyone actually listening? 🎤

As the coin garners more attention, both new and existing traders appear more active, despite overall network activity showing some signs of slowing. It’s like a crowded dance floor where everyone is moving, but no one is really dancing. 🕺

SPX Holds Trendline Support as Resistance Nears

The meme coin continues to follow a rising trendline that’s been in place since May, showing steady upward pressure. The price is hovering just below $1.36, a zone that has acted as resistance in recent weeks. This area also lines up with a key Fibonacci level, making it an important point for traders to watch. If the price closes above $1.36 with volume, it could move toward $1.56, where previous rallies have stalled. The RSI is currently reading 58.29, which leans bullish without showing overbought conditions.

Momentum remains intact as long as the price stays above the trendline. Any drop below $1.17 would weaken the structure. For now, buyers appear to be in control, but for how long? 🤷‍♂️

Address Activity Trends Lower Despite Price Surge

IntoTheBlock data shows total addresses have reached 1.56K. New addresses are at 172, though they have dropped by 8.44% over the last seven days. This points to slowing growth in new user participation. Active addresses have declined by 9.40% in the same period, with the count at 1.23K. Zero balance addresses are at 157, down 2.92%, which could reflect some user exits or consolidation of holdings.

Despite falling address metrics, the price remains strong, driven by increased short-term interest. It’s like a popularity contest where the winner is the one who can shout the loudest, regardless of who’s actually in the room. 📢👥

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2025-07-09 15:17