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Cryptocurrency paying tribute to the S&P500 leads weekly rise

It is one of Murad Mahmudov's favorite tokens, the "king of memecoins"

SPX6900 has risen over 22,700% in the last 12 months.

Last week, this memecoin entered the top 100 most valuable digital assets.

The memecoin SPX6900 (SPX) has performed notably over the last 7 days and leads the weekly rise in the digital asset market.

As CriptoNoticias has reported, SPX is a meme cryptocurrency on the Ethereum network and pays tribute to the S&P500, the well-known stock index that aggregates the most valuable companies in the United States.

What’s most curious is that around the digital asset a sort of viral cult was born on social media, promoting the project as the only way to financial freedom. One of the phrases that became most popular on X is “stop trading and start believing in something.”

In the midst of the wave of memes unleashed on social media, the price of SPX skyrocketed by 75% in the last 7 days and reached a new all-time high of $1.56.

At the time of this publication, the price of the memecoin is $1.54, which represents an annual increase of 22,700%.

SPX currently occupies the 78th position in the top 100.

SPX6900 (SPX) enters the top 100 coins by market capitalization in 2025

SPX6900 has a market capitalization of over $1.43 billion.

For Murad Mahmudov, a renowned memecoin trader, SPX6900 is the only token "with a memetic goal" and added: “I believe that dogecoin will be surpassed as SPX is the BTC of memes.

The energy that the community has is far superior to that of other assets like dogecoin. Every time I wake up and enter social media, I see the huge amount of videos and memes generated, as well as the increase in the number of its community members.”

He emphasized that this asset will be the next GME, referring to GameStop and its cult followers. SPX will be the big winner in the memecoin market in 2025.