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International Business Times
International Business Times
Business
Marvie Basilan

$SPX: The New Memecoin Craze With An 'Audacious' $69T Dream

SPX United States Crypto Lark Davis BlackRock
The SPX6900 token has been on a wild uptrend in the past four weeks. (Credit: SPX6900 on X/Video Screenshot)

KEY POINTS

  • $SPX is up by over 150% in the last seven days, on the back of a 30-day 3,800% spike
  • Controversial memecoin influencer Murad reportedly turned his $387K $SPX into $23 million in 4 months
  • One whale made a 40x profit from his initial $161K investment in $SPX as per on-chain data

Memecoins have had their fair share of ups and downs over the years, and many times, the memecoin segment goes viral in the cryptocurrency community for scams, rug pulls, frauds, and other similar security incidents.

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