SPX6900 Sets Story Highs While Stylish ‘AI Agents’ See Earnings-Taking

“It’s the stock marketplace for the individuals. SPX6900 is for you, your teenagers, and limitless generations after,” a manifesto on SPX6900’s station reads.

Jan 3, 2025, 1:16 p.m. UTC

A crypto cult hoping to flip the final U.S. stock market pretty moved closer to its strange purpose, though with trillions of dollars more to head.

SPX6900 (SPX) crossed a $1.1 billion capitalization earlier Friday to plot a brand restful tale above $1.25, breaking a November excessive of 90 cents, amid renewed ardour in memecoin cults on Crypto Twitter.

That came as AI Agent projects virtuals (VIRTUALS), ai16z (AI16Z) and the broader category fell by 8% on reasonable, amid criticism of their claimed AI fashions, as beforehand worthy in a CoinDesk analysis.

The Ethereum-essentially based SPX6900 has an total supply of 930 million tokens, the holders of which gain fashioned a viral cult that professes the project as one of their most effective programs to monetary freedom.

“You gain been born exact into a world where procuring a home formula taking on a mortgage within the an total bunch of hundreds. You’ve entered an investment landscape where the Stock Market has already notorious its indispensable beneficial properties, leaving you to wonder what’s left for you,” phase of a manifesto on the SPX6900 station reads. “You are navigating a actuality fashioned by the aftermath of 9/11, a crippling 2008 recession, an unparalleled global pandemic, runaway inflation, and escalating violence.”

“SPX6900 is the reset. SPX6900 is the canvas on which restful monetary needs are painted. It is the S&P500 with 6400 more. It’s the stock marketplace for the individuals. SPX6900 is for you, your teenagers, and limitless generations after,” it provides.

The message echoes a identical sentiment to the appearance of bitcoin, which became once introduced in accordance to the 2008 monetary disaster 16 years ago.

Since early 2023, memecoins gain moved previous mere dog or cat-themed tokens to meme cults that rally at the lend a hand of a theory, a thought or a feel-pretty actuality. Communities of these tokens, equivalent to mog (MOG), giga (GIGA) and SPX, bustle rampant on social media platforms equivalent to X, where users in fact bear in mind in these tokens despite their non-serious nature.

The SPX group started the now neatly-liked Crypto Twitter line “cease procuring and selling and originate believing in one thing,” attempting to popularize keeping tokens moderately than promoting off and transferring on to newer projects. Some bid right here is with out doubt one of the most many factors which gain constructed a valid group spherical SPX.

Authorized memecoin investors bid the token might well maybe even flip the likes of dogecoin (DOGE), the fresh biggest by market capitalization of $51 billion.

“It’s essentially doubtless the greatest token with a memetic target,” successfully-followed memecoin proponent @MustStopMurad mentioned in a most modern interview. “Even though it reaches 10% of that, 1% of that, and even 0.1% of that…it is soundless $45 billion. I fabricate bear in mind dogecoin is going to get flipped as SPX is the BTC of memes.”

“That is the next GME,” Murad added, relating to GameStop and its cult-bask in following.