Meme coin traders are buzzing about the bullish conditions – and few coins are doing better than SPX6900 (SPX).
The S&P 500 parody token is up 23% since yesterday as the broader market rebounds.
And with sentiment flipping positive, some are wondering if Meme Index (MEMEX) could be the next meme coin to pump.
SPX6900 Price Surges From March Low as Meme Coin Momentum Returns
SPX6900 is back on traders’ radars this week.
Created as a tongue-in-cheek take on the S&P 500, SPX leans into Wall Street satire and crypto rebellion, turning phrases like “Flip the S&P 500” into rallying cries for its community.
And after weathering a huge sell-off throughout February, things are finally looking up for SPX.
The token is now trading at $0.641, its highest level in three weeks.
This surge represents a 155% gain since the token bottomed out at $0.252 on March 11 – outpacing rival meme coins like FARTCOIN and WIF.
Spot trading volumes have also more than doubled to $40 million, making it more active than many established names.
Only the NPC meme coin has outperformed SPX in the last 24 hours.
Although SPX6900 is still 64% below its January all-time high, momentum is building, hinting that the coin might be gearing up for another explosive rally.
Why Is SPX Token Soaring? Technical Breakout and Market Tailwinds Fuel Rally
What’s driving the SPX6900 rally?
There’s no single headline or news event tied directly to the coin – but zoom out a bit, and the picture becomes clearer.
First off, SPX’s technicals look solid.
SPX recently broke above a key resistance level at $0.52 and has been posting a classic pattern of higher highs and higher lows on the 4-hour chart.
It’s now testing resistance around $0.63; if that becomes support, the outlook could become even more bullish.
However, SPX’s positive price action isn’t an isolated event.
The broader crypto market is rebounding, with Bitcoin reclaiming $87,000 and meme coins like DOGE, PEPE, and BONK all posting gains.
Part of that bounce seems tied to calming macro uncertainties.
Fears over Trump’s tariffs have cooled, and the Fed has signaled it still plans to cut rates twice this year.
That’s the kind of backdrop that tends to favor risk-on assets like meme coins.
This favorable environment helps explain why SPX6900, along with most other cryptos, is in the green today.
Is Meme Index Next to Pump After SPX? MEMEX Token Presale Passes $4M Before First DEX Listing
With meme coins heating up again, some traders are looking past the likes of SPX and asking: what’s next?
That’s where Meme Index comes into play – a project that’s built serious hype by offering genuine utility.
Instead of betting everything on one meme coin that could soar (or crash), Meme Index exposes users to baskets of meme coins grouped by risk level.
They’re like meme-style versions of traditional ETFs.
Whether you want the stability of DOGE and SHIB or the chaos of low-cap tokens, Meme Index has an option for everyone.
But it’s not just the concept that’s drawing attention – it’s the timing, too.
With the meme coin market rallying and SPX6900 proving there’s still a massive appetite for “riskier” plays, the conditions look solid for Meme Index to gain momentum post-launch.
The project’s presale has already raised over $4 million, and with high staking rewards, early investors are generating passive income in the final week before MEMEX goes live on exchanges.
Influencer Crypto Nautic called it the “one meme coin to rule them all.”
None of Meme Index’s hype comes at the expense of security since blockchain security firms Coinsult and SolidProof have audited the MEMEX token.
And MEMEX has even secured a spot in CoinSniper’s rankings.
Ultimately, while SPX6900 is getting all the attention right now, Meme Index might be positioning itself as the next big thing.
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