SPX (SPX6900) rose 12.90% in 24 hours

Gate News Bot news, on July 7th, according to CoinMarketCap data, as of the time of writing, SPX (SPX6900) is currently priced at $1.36, with a rise of 12.90% in the last 24 hours, reaching a high of $1.38 and a low of $1.08. The current market capitalization is approximately $1.27 billion, an increase of $145 million from yesterday, currently ranked 61st.

SPX6900 is a multi-chain token that utilizes Wormhole bridge technology for cross-chain transactions. The total supply of this token is 1 billion pieces, with a current circulation of 931 million pieces and 6,900,690 pieces (6.9% of the total) already burned. SPX6900 can be traded across multiple chains including Ethereum, Solana, and Base, with users able to trade on DEXs such as Uniswap, Jupiter, and Aerodrome. The project has also launched an NFT series called "Project AEON", aimed at exploring more possibilities of blockchain technology.

Important news about SPX6900 recently:

1️⃣ The rise exceeds a hundred times, becoming the most eye-catching Meme coin of 2025 Since its launch, SPX6900 has achieved an astonishing +10000% rise in price, becoming one of the most explosive meme coins for 2024-2025. Its price trend shows a stair-step increase, avoiding the typical vertical spike and crash pattern that usually signals a death spiral. This sustained rise highlights SPX6900's unique position in the current meme coin market.

2️⃣ Multi-chain deployment strategy shows advantages SPX6900 adopts a multi-chain deployment strategy and has gone live on multiple blockchain networks such as Ethereum, Solana, and Base. This design not only greatly broadens the liquidity coverage but also effectively avoids the network congestion problems commonly seen with meme coins on a single chain during frenzy cycles. The multi-chain structure provides SPX6900 with stronger scalability, helping it adapt to the ever-changing market demands.

3️⃣ Community-driven and deflationary model drives sustained attention SPX6900 is issued in a fair launch manner, with no presale and no internal reservation. The token distribution model aims to reward early participants. At the same time, the project has permanently destroyed 6.9% of the total supply, creating scarcity for long-term planning. This combination of community-driven and deflationary mechanisms continues to attract investors' attention and drives the price rise.

From a technical perspective, the price of SPX6900 is currently at a critical level. The $1-1.1 range constitutes strong support; if it can hold this position, it will maintain a bullish technical structure. A breakthrough of the $1.22 resistance level could open the channel to the $1.30 target, potentially triggering a new round of speculative enthusiasm. However, considering the rapid changes in market sentiment, investors still need to remain vigilant about the potential short squeeze risks and quick pullbacks caused by sentiment reversals.

This message does not constitute investment advice; investors should be aware of market volatility risks.