Meme Coins Surge 16% in One Day — Is a Big Bull Run Starting?
The meme coin market just jumped 16% in one day, showing strong signs of a big rally. This surge started after Grayscale added BONK to its Q3 fund — a quiet but important move that gave meme coins more legitimacy in the crypto world.
In the past 24 hours, investors have been pouring money into meme coins like they’re investing in a real sector. Trading volume and prices are rising together, suggesting that something bigger could be happening. Many are now asking: Is the long-awaited meme coin supercycle finally here?
Meme Coin Market Now Worth Over $73 Billion
The total value of meme coins reached $73 billion, with $26 billion in daily trading volume — levels not seen since early 2024.
What’s more important than the numbers is how widespread the rally is:
- Solana-based meme coins like BONK and WIF went up over 12%.
- Big names like DOGE and SHIB also surged.
- Even smaller coins, like those from 4chan communities and Murad Mahmudov’s “picks,” saw double-digit gains.
Mahmudov, a former Bitcoin-only supporter, now sees meme coins as the next big trend. His picks include SPX6900, MOG, POPCAT, GIGACHAD, and APU — coins he says reflect internet culture.
PEPE led the trading action with $1.37 billion in 24-hour volume, supported by large investors (known as whales) and rising interest.
All signs point to a coordinated movement of money into meme coins — like they’re being taken seriously as an investment category.
SPX6900: The Meme Coin Market Leader
One meme coin, SPX6900, is now seen as the key token to watch. It acts like a benchmark for the entire meme sector, even though it’s not an official index.
Two big signs show strong interest in SPX6900:
- Over 43,400 wallets now hold the token — a new record.
- Fewer SPX tokens are being sent to exchanges — meaning people are holding, not selling.
This suggests that investors are confident and planning to hold for the medium term. SPX also tends to move before other meme coins like PEPE, WIF, and BONK, so traders are using it to predict the overall market.
SPX Price and Its Break from Bitcoin Signal Bigger Things
SPX6900 is now trading at $1.67 — just below its all-time high of $1.74. It has already turned $1.55 into a support level, which shows this rally is more than just hype.
If the price breaks above $1.739, it could spark a new wave of buying across the meme coin space. But if it falls below $1.45, the rally could lose momentum.
Traders say SPX is one of the best charts in the meme space, with a good risk-to-reward setup.
What’s even more interesting is SPX’s recent “decoupling” from Bitcoin. Normally, meme coins follow BTC’s movements. But lately, SPX has outperformed BTC — showing that meme coins might now be able to lead their own market cycles.
If SPX breaks above $1.77, it could trigger a major rally — not just for itself, but for the entire meme coin ecosystem.
Bottom Line: A New Meme Coin Supercycle?
SPX6900 might be the key to knowing whether this is just a short rally — or the real start of a huge new meme coin bull run. All eyes are on its next move.
