Meet SPX6900: The Cryptocurrency That Grew 10,000% Last Year

All eyes in the crypto community are currently on $TRUMP, a token whose price is skyrocketing during its first days of trading. While its growth rates are undoubtedly exceptional, the pattern — explosive growth right after launch — is quite typical for the cryptocurrency market. This growth is often followed by a decline, either through a sharp crash or a slow fade.

However, some cryptocurrencies take a different path. They enter the market, trade organically for months or years, and only later, after proving their worth, experience significant growth. A striking example from last year is the SPX6900 token. Investors who bought it at the start of the year at $0.0083 could sell it for $0.8697 by year’s end, earning more than 100 times their initial investment. Those who held onto the token saw further gains: SPX6900 is now trading at $1.36, up another 50% since the start of this year.

What is SPX6900?

“SPX6900 is like the S&P500, but with 6400 more,” its advocates explain. Even its logo features “S&P” instead of “SPX.”

Screenshot from the official SPX6900 website

Thus, SPX6900 is a meme coin that satirizes the idea that modern trading is a hollow exercise: the numbers we see on trading terminals don’t really stand for much of anything.

One of SPX6900’s slogans reads: “Stop trading and start believing in something!”

Screenshot from the SPX6900 website

Let’s think about this. What happens when a stock trader “buys” the S&P500 index? Are they purchasing shares of the companies whose prices make up the index? No. So, what are they actually buying?

These same questions apply to many financial derivatives, which, across markets — including cryptocurrency — see trading volumes far surpassing those of actual underlying assets. People pay money and receive numbers on a screen. If those numbers grow, they celebrate.

So, why not just make those numbers bigger from the start? Why buy the S&P500 when you can go straight to 6900? This postmodern narrative forms the backbone of SPX6900’s ideology.

Homepage of the SPX6900 website

Why is SPX6900’s Price Rising?

SPX6900 launched in September 2023, and its developers initiated a deliberate campaign to attract attention to the token and its philosophy.

• Initially released on Ethereum, it was later bridged to Solana and Base networks.
• A website, Telegram channel, and X account were created for promotion.
• The X account regularly posted provocative memes highlighting the futility of trading.

The hallmark of SPX6900 became memes featuring prominent politicians, business magnates, and stock markets. Some notable videos include:

• Kim Jong Un applauding performance by Marie-Rose, the cyber angel who serves as SPX6900’s mascot,
• Gary Gensler admitting he lost all his money by investing in the S&P500.
• Steve Jobs giving an SPX6900 presentation, accompanied by the text: “I heard you like being Standard and Poor, so we let you sell your $SPX.”

The SPX6900 team also released the NFT collection “Project AEON” on OpenSea. Despite the declining popularity of OpenSea, the collection saw a trading volume of 4703 ETH (over $16 million) and attracted 1139 unique token holders.

On a dedicated website, you can buy SPX6900-branded T-shirts, and several music tracks created by SPX6900 are available on SoundCloud.

SPX6900’s song on SoundCloud

This boldness, humor, and provocative storytelling gradually built an audience around the project. Supporters started buying tokens, causing SPX6900’s price to rise steadily, albeit with significant corrections, until October 2024.

Chart of SPX6900 price vs. USD from September 2023 to September 2024. Source: CoinMarketCap.

By October 2024, a critical mass of community members had formed (the number of SPX6900 holders reached around 5,000), and the network effect kicked in. The community started to expand rapidly, more people wanted the token, and it got listed on a centralized exchange — BitMart. That’s when the explosive price surge truly began.

Chart of SPX6900 price vs. USD from January 2024 to January 2025. Source: CoinMarketCap.

The future of SPX6900

We can see that SPX6900’s sharp price increase in 2024 started independently of the broader crypto market uptrend. The general market began to climb when Donald Trump was elected President of the United States, whereas SPX6900 began its ascent a bit earlier. Then, after Trump’s election, when the rest of the crypto market soared, SPX6900’s growth actually took a brief pause.

This shows that the project’s community doesn’t hinge too heavily on the overall state of the crypto market. In fact, the token stands opposed to the usual principles of crypto trading just as it opposes the norms of the stock market. Remember the slogan: “Stop trading and start believing”?

SPX6900’s growth isn’t accidental. Over a year, its team steadily built a community united by the belief in the absurdity of financial markets.

Currently, the community is promoting the idea that SPX6900 should be more valuable than the S&P500, aiming for a $69 trillion market cap. With 1 billion tokens issued and 6.9% burned, this would require the token price to reach $74,114. Today, it trades at just $1.36.

That target may look impossible. But a united community is a powerful force. Think back to how a group of retail investors, declaring war on the entire establishment of the modern stock market, managed to pump GameStop’s share price to levels no one thought possible.

SPX6900’s story is similar. Fortune favors the bold. The fearless community behind this token is likely to surprise us again this year, even if SPX6900 never hits its stated goal.

If you’re interested in joining the SPX6900 community to challenge the foundations of financial markets and prove that a meme token can surpass America’s largest market index, check out rabbit.io. There you can exchange any cryptocurrency for SPX6900 without registration and at the best rates.