Why did the price of SPX go up?
SPX6900 went up 4.56% in the last 24 hours, doing better than the overall crypto market, which dropped 0.5% during the same time. Here’s why:
- Big Investors Buying – $19.4 million flowed into SPX6900 futures, with strong bullish bets.
- Technical Signals – Indicators like MACD and RSI suggest upward momentum.
- New Exchange Listings – Being listed on Coinbase boosted interest from everyday investors.
In-Depth Look
1. Big Investors & Futures Activity (Positive Sign)
What’s happening: In the past day, $19.4 million was added to SPX6900 futures contracts, with total open interest reaching $101 million (AMBCrypto). On Binance, the ratio of big investors betting on price increases versus decreases is 1.35, showing strong buying pressure.
Why it matters: Large traders expect the price to keep rising, which helps create more market liquidity. However, high funding rates (0.0119%) mean some traders are using leverage, which could lead to quick sell-offs if the market moves against them.
2. Technical Momentum (Mixed Signals)
What’s happening: SPX6900 broke above a downward resistance line. The MACD indicator shows a bullish crossover, and the RSI is at 60.63, which is neutral but trending upward. The 7-day simple moving average (SMA) at $1.11 supports the current upward trend.
Why it matters: Traders see this as a breakout, signaling potential for more gains. But since the RSI is approaching overbought levels (74.06 on the 7-day chart), the price might pause or pull back soon. The next resistance level to watch is $1.51, the high from September 21.
3. Exchange Listings & Retail Investor Interest (Positive Sign)
What’s happening: SPX6900 was listed on Coinbase on September 9 (Coinbase announcement) and integrated with Tokocrypto, making it easier for everyday investors to buy. Social media buzz increased to 0.913% in July, showing hype driven by memes and community excitement.
Why it matters: Being listed on major exchanges gives SPX6900 more credibility and attracts new buyers. However, some retail investors have taken profits recently, with $2.1 million flowing out last week, which could slow short-term gains.
Conclusion
SPX6900’s recent price rise is driven by big investors buying futures, positive technical signals, and increased interest from retail investors thanks to new exchange listings. While the outlook is mostly positive, risks remain from high leverage in futures and some weakening demand from regular buyers.
Key point to watch: Can SPX6900 stay above the Fibonacci 23.6% retracement level at $1.36 to aim for the next resistance at $1.51?
What could affect the price of SPX?
SPX6900 is riding the wave of meme coin excitement but shows high price swings—here’s what to watch for next.
- Coinbase Listing Potential – If SPX6900 gets listed for spot trading, it could attract more buyers and increase trading volume.
- Whale Activity Risks – Big investors moving $19 million in derivatives could cause sudden price jumps or drops.
- Meme Coin Market Mood – Changes in Bitcoin’s dominance affect how well meme coins like SPX6900 perform.
Deep Dive
1. Coinbase Listing Progress (Positive Outlook)
What’s happening: On August 20, 2025, SPX6900 was added to Coinbase’s listing roadmap (Coinbase). In the past, coins like Flock (FLOCK) saw their prices jump 28% after similar announcements. The final go-ahead depends on whether market makers are ready to support trading.
Why it matters: If Coinbase officially lists SPX6900, it will become available to over 110 million users. This could lead to more buying interest. For example, meme coins such as DOGE have seen price increases of 50% to 100% when they debuted on major exchanges.
2. Whale-Driven Liquidity Swings (Mixed Effects)
What’s happening: SPX6900’s price rose 28% in the week ending October 3, alongside $19.4 million flowing into derivatives trading and a Binance long-to-short ratio favoring buyers at 1.35. However, smaller investors sold $2.1 million worth of SPX during this time (AMBCrypto).
Why it matters: Large investors, or “whales,” can cause sharp price moves. But if they decide to take profits quickly, it can trigger rapid sell-offs. For instance, on September 21, 2025, SPX6900 dropped 12% after a whale sold 2.53 million tokens, making $4.46 million in profit.
3. Meme Coin Market Sentiment (Potential Downside)
What’s happening: The Altcoin Season Index, which measures how well alternative coins are doing compared to Bitcoin, dropped 7.58% in 24 hours on October 4. Meanwhile, Bitcoin’s dominance increased to 58.39%. Meme coins like SPX6900 tend to underperform when Bitcoin gains strength. For example, SPX6900 fell 12.6% when Bitcoin dipped below $115,000 on September 22 (TokenPost).
Why it matters: SPX6900 has gained 485% over the past year, making it vulnerable to broad market pullbacks. If Bitcoin climbs above $120,000, investors might shift money away from meme coins and into Bitcoin.
Conclusion
SPX6900’s short-term price depends largely on whether Coinbase officially lists it and how Bitcoin’s market share changes. Whale trading activity and positive technical signals (like a bullish MACD crossover) suggest the price could rise to $1.67, a key resistance level. However, meme coins remain sensitive to market shifts, so caution is advised. The big question: Can SPX6900 break free from Bitcoin’s influence if the Altcoin Season Index climbs back above 70?
What are people saying about SPX?
The SPX6900 community is buzzing with excitement over new exchange listings, technical price movements, and memecoin competition. Here’s the latest:
- Coinbase listing sparks a 5.98% price jump
- Analyst sets $2.10 price target after a market correction
- Large investors (“whales”) keep buying despite a recent price drop
- “Trillions for $SPX” as it faces competition from new Solana memecoin $MARIE
In-Depth Look
1. Coinbase Listing Drives Positive Momentum
On September 9, 2025, Coinbase announced that SPX6900 is now available for trading, causing the price to jump nearly 6%. Trading volume hit $94 million within 24 hours.
– @CoinbaseMarkets (3.2M followers)
See original post
What this means: When a coin becomes available on a major exchange like Coinbase, it usually attracts more buyers, which helps improve liquidity and can push the price higher.
2. Analyst Predicts $2.10 Price Target Using Elliott Wave Theory
An analyst using technical chart patterns called Elliott Waves identified that SPX6900 completed an “ABC correction” and could test new price levels soon. After this analysis on June 19, 2025, the coin’s price rose 17.5%.
– @Bluntz (320.8K followers)
See original post
What this means: Technical analysis helps traders predict price movements. For this forecast to hold, SPX6900 needs to stay above $1.56, which acts as a key support level.
3. Large Investors Continue Buying Despite Price Dip
Despite a 2.7% drop in price, large holders of SPX6900 increased their positions. Currently, 61,000 holders control a market value of $164 million. Exchange reserves (the amount of SPX6900 held on exchanges) decreased, indicating coins are being moved off exchanges, often a sign of holding rather than selling.
– @MOEW_Agent (88K followers)
See original post
What this means: When big investors keep buying during price dips, it shows confidence in the coin’s long-term potential, especially in its memecoin appeal.
4. SPX6900 Faces New Competition from Solana Memecoin $MARIE
A trader noted that $MARIE, a new memecoin on the Solana blockchain, could become as popular as SPX6900 in the future. This rivalry is drawing attention but also adds volatility as investors compare the two.
– @CryptoInterpol (217K followers)
See original post
What this means: Memecoin rivalries can increase excitement and trading activity but also lead to bigger price swings based on changing narratives.
Conclusion
The overall outlook for SPX6900 is positive, supported by its listing on major exchanges, encouraging technical signals, and strong community interest. Large investors are backing the coin, and its role in the memecoin space remains significant. However, it’s important to watch the $1.56 support level—if the price falls below this, the bullish trend could weaken. Also, keep an eye on new competitors like $MARIE as they challenge SPX6900’s position in the Solana memecoin market.
What is the latest news about SPX?
SPX6900 (SPX) is riding the wave of meme coin popularity with a strong 44% increase over the past week, driven by big investors (“whales”) and new trading activity on exchanges.
- 28% Weekly Rally (October 3, 2025) – Large investor inflows and positive market signals pushed SPX to $1.43.
- Coinbase Listing (September 9, 2025) – After being listed on Coinbase, SPX’s price rose 6%, making it easier for more people to buy and sell.
- Meme Coin Momentum (October 3, 2025) – SPX gained 31% in just two days, outperforming Bitcoin’s 3.5% rise.
Deep Dive
1. What Caused the 28% Weekly Rally? (October 3, 2025)
Overview
SPX’s price jumped 28% in the week ending October 3, thanks to $19 million coming in from large investors and positive technical indicators. Two key signals were the MACD Golden Cross, which suggests upward momentum, and the RSI at 54, indicating a moderately strong market. Trading activity also increased, with open interest reaching $101 million and Binance traders accounting for $64.7 million in volume.
What this means
This price jump shows growing excitement among investors, but some smaller traders sold off $2.1 million worth, which could limit short-term gains. Data on derivatives (contracts based on SPX) shows that many traders are betting on prices going up using borrowed money, which can increase price swings. (AMBCrypto)
2. How Coinbase Listing Boosted Liquidity (September 9, 2025)
Overview
SPX was added to Coinbase on September 9, causing its price to rise nearly 6%. Daily trading volume hit $271 million. Because SPX operates on multiple blockchains like Ethereum, Solana, and Base, it attracted a wider range of investors.
What this means
Being listed on Coinbase makes SPX more trustworthy and easier to trade, though the initial excitement has settled. Since the listing, SPX’s price has stayed steady between $1.40 and $1.50, close to its average over the past month. (Coinbase)
3. Meme Coin Momentum Beats Bitcoin (October 3, 2025)
Overview
Between October 1 and 3, SPX’s price rose 31%, far outpacing Bitcoin’s 3.5% gain. Other meme coins like USELESS also saw big jumps (+57%). SPX’s turnover ratio of 5.8% shows it’s actively traded.
What this means
This surge fits with the “Altcoin Season,” a period when investors move money into riskier cryptocurrencies. However, SPX is still 17.8% below its all-time high of $1.73 from June 2025, so price swings are likely. (Yahoo Finance)
Conclusion
SPX6900’s recent price gains are fueled by excitement around meme coins and increased trading on exchanges. But risks remain from smaller investors selling and traders using leverage, which can cause volatility. Keep an eye on the $1.50 price level for support and Bitcoin’s stability around $120,000 for clues on where SPX might head next.
What is expected in the development of SPX?
The future growth of SPX6900 depends largely on gaining traction through exchanges and community interest, as there is no official development roadmap available.
- Coinbase Listing (August 20, 2025) – SPX was added to Coinbase’s listing plans, with trading set to begin soon.
- Multi-Chain Expansion (Ongoing) – SPX is expanding across Ethereum, Solana, and Base blockchains using Wormhole bridges.
- Aeon Ecosystem Development (Date To Be Announced) – A community-driven project called “Project AEON” is exploring tokenized digital entities.
In-Depth Look
1. Coinbase Listing (August 20, 2025)
Summary: On August 20, 2025, SPX6900 was included in Coinbase’s upcoming asset listings, with trading starting once market support and technical setup are ready (Coinbase Assets). Trading officially began on September 9, 2025, allowing users to buy and sell SPX on Coinbase.
What this means: This is a neutral development for SPX. While being listed on a major exchange like Coinbase usually increases a coin’s visibility and liquidity, SPX’s price had already increased by 43% in the week leading up to October 4, 2025, indicating the market had anticipated this event. However, price fluctuations after listing remain possible.
2. Multi-Chain Expansion (Ongoing)
Summary: SPX is available on multiple blockchains—Ethereum, Solana, and Base—thanks to Wormhole bridges that connect these networks. Recently, large transactions on Solana caused a 12% price jump in a single day, showing strong demand across different blockchains.
What this means: This is a positive sign for wider adoption. Being on multiple blockchains reduces reliance on any single network and fits well with the growing trend of decentralized finance (DeFi) working across different platforms. Still, users should be aware of potential security risks associated with cross-chain bridges.
3. Aeon Ecosystem Development (Date To Be Announced)
Summary: SPX’s official site hints at “Project AEON,” which involves creating 3,333 tokenized digital entities called “Aeons.” There are no technical details yet, but this storyline is generating buzz within the community.
What this means: This is neutral for now. Meme coins often use creative stories to keep their communities engaged, but for lasting success, they usually need to offer real-world uses, such as integrating with NFTs or other digital assets.
Conclusion
SPX6900’s growth depends more on exchange listings and community-driven hype than on clear technical progress. The Coinbase listing and multi-chain availability offer short-term boosts, but without a detailed development plan, the coin’s long-term outlook remains uncertain. It will be interesting to see how SPX’s “anti-establishment” image holds up if traditional financial markets improve.
What updates are there in the SPX code base?
I wasn’t able to find useful information to answer this question right now. The CoinMarketCap team is continuously updating my crypto knowledge, so if any important details become available, I should have them soon. In the meantime, please feel free to choose another question or cryptocurrency for analysis.