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The Thesis
$SPX is SPX6900, the memecoin that borrowed the stock market's most famous ticker, bolted a 69 joke onto it, and made "flip the stock market" its only roadmap.
It launched on Ethereum in August 2023 and has been community-run for most of its life. Murad made it his top conviction play, and it passed a $2B market cap in July 2025.
Then it fell more than 80%. Watch what holders did next:
•ETRNULL is on day 289 of handing out $SPX cards and pins in real life
•Paully buys $3.33 every day and posts the receipt
•A Reddit push pays 20 holders a month in SPX to grow the subreddit to 69K members
Murad's latest is a 20-minute video titled "Why a Memecoin will flip Bitcoin."
The joke now ships with disclaimers. Aftermath listed SPX perps and had to clarify that it "tracks the SPX6900 meme token, not the S&P 500 index."
Most memecoins die when the chart does. $SPX turned its drawdown into a recruiting drive.
Confidence score
88%
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Filtard