🔥 Is the meme coin starting a super cycle?
Meme coins are rising en masse: the total market capitalization exceeds $73B, trading volume surges to $26B, nearing the old peak at the beginning of 2024.
📌 SPX6900 – the leading meme index – is at $1.67, close to the historical peak of $1.74. Whales are taking the opportunity to accumulate, as funds flow out of exchanges into cold wallets.
📌 Meme coins on Solana like BONK and WIF are rising sharply. DOGE and SHIB are also not missing out. Notably, PEPE leads in liquidity with over $1.3B in daily trading.
📌 One whale spent $2.68M to accumulate PEPE. The number of SPX6900 holders has increased to 43,400, indicating that the excitement is spreading.
📌 SPX is decoupling from Bitcoin — rising ahead of the market, leading the trend, signaling that meme coins might be entering the "autopilot" phase.