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SPX6900 (SPX) has gone down by 21.8% in the past 7 days and currently sits at $1.68 as meme coins have experienced a strong correction lately.
From July 28 to August 1, the crypto market as a whole has taken a breather from its recent rally. Bitcoin (BTC), the top crypto by market cap, has dropped by 7% during that period and has plunged with it most other assets.
Massive AGI disruption is coming.
Pure Belief Assets will be the biggest beneficiaries. pic.twitter.com/04UnRsWAWE
— Murad 💹🧲 (@MustStopMurad) August 3, 2025
Meanwhile, the top 100 meme coins retreated by 10% in the past 7 days, meaning that SPX has underperformed the market by nearly 2X.
This significant retreat occurred right after this token hit the $2 billion mark in market cap. SPX6900 is backed by a well-known meme coin investor known as Murad, whose early bets in meme coins like APU and POPCAT earned him a good reputation in this space.
Recently, Murad motivated his followers to adopt a dollar-cost averaging (DCA) approach to invest in SPX. This means spreading one’s investment in multiple smaller sums that will be deployed in regular intervals.
As a parody of the popular S&P 500 stock index, Murad’s comments resonated with the ‘ethos’ of this meme coin and contributed to doubling its market cap in just 30 days. However, the latest drop has now evaporated around 50% of those gains.
SPX6900 Hits Key Resistance and Could Drop to $1.4 If It Rejects It
Looking at the 4-hour chart, it seems that the $1.7 area has been a key resistance for SPX in the past few days, and the price has once again broken below this level, and it is now retesting from below.
If the market has turned bearish, a rejection of a move above this mark could confirm that negative outlook in the near term and could plunge SPX to another key area of support at around $1.40.
The token has also dipped below its 200-period exponential moving average (EMA) in this lower time frame, and that is a sign that the trend’s direction could have changed.
That said, as the price hit and bounced off $1.40 at a point when the Relative Strength Index (RSI) flashed oversold, the latest selling spree may lose steam as late buyers could chip in and scoop up some tokens at this low price.
As traders keep an eye on this key level to determine where SPX6900 could be heading next, a new crypto presale inspired by some 2000s nostalgia and investors’ desire to pay for student loans earlier than expected has managed to raise over $1.6 million from investors just a few weeks after its launch.
Token6900 (T6900) Embodies a Generation’s Rallying Cry to Go Back to The “Good Ol’ Days”
Token6900 (T6900) is what happens when your brain melts after trying to analyze Bitcoin’s chart 6900 times and not finding a trading system that can provide a way out of flipping burgers.
T6900 It is pure financial brainrot with just a tad of 2000s nostalgia. It is what you get in return when you get tired of snipping tokens that turn into rug pulls too many times. It is the place where financial markets and ‘meme culture’ intersect.
This token has no road map, offers no incentives, makes no promises, and is hard-capped at $5 million so only the biggest believers are the ones who truly make it.
Its success will be fueled by pure ‘good vibes’ from a community of ‘degens’ who finally understood that trading does not work. You must believe.
To buy $T6900 at its discounted presale, just head to the Token6900 website and connect your wallet. With more than $1.6 million raised in just a few days, the window is closing to get in.
