SPX6900 (SPX) has gone up by 14.2% in the past 24 hours to $0.6315 after one of the project’s most prominent backers, Murad, started a viral campaign.
Trading volumes during this period have jumped by 46%, currently accounting for 10% of the asset’s circulating market cap.
Murad has backed SPX6900 since he started promoting a theory called “the meme coin supercycle” that predicts how a handful of tokens could soon overtake the crypto market as they have strong communities of “believers”.
Known for his successful early bets on meme coins like Apu Apustaja (APU) and SPX that delivered big gains.
He has recently launched a couple of viral campaigns that promote the adoption of SPX as an investment. The first encouraged investors to use the dollar-cost average (DCA) method for their SPX6900 purchases.
Stop Trading & Believe in something ??
Do it too Aeon
Record a video where you say "Stop Trading & Believe in something" ??
Let’s make a giant chain
I love you❤️?$SPX #SPX6900 #stbschallenge https://t.co/ATOjNO2uqX pic.twitter.com/lVWEa0szT4
— Murad ?? (@MustStopMurad) November 25, 2025
Meanwhile, he recently launched a new promo prompting SPX holders to reveal themselves by sharing a video saying “Stop Trading & Believe in Something”. This is a catchy phrase that has been used repeatedly to endorse SPX6900 since its launch.
It appears to be working to draw attention to the token, as dozens of investors who hold SPX have shared videos on X and other platforms encouraging others to “believe” as well.
SPX Hits Key Trend Line Support as Early Buy Signal Pops Up
Despite the latest uptick, SPX has accumulated a 41% loss in the past 30 days as market sentiment soured.
Although its losses are smaller compared to other well-established tokens in this space like Pepe ($PEPE), this meme coin still need to do some heavy lifting to move to positive territory before the year ends.
The daily chart shows that SPX6900 is about to hit a key trend line resistance as it has been rising for 4 days in a row. SPX seems to have taken full advantage of the wave of positive momentum that hit the market since Friday after a strong jobs report in the United States.
In addition, macroeconomic conditions may have improved, as analysts now give an 80% chance of a rate cut in December after briefly lowering those odds to 41% at some point last week.
The Relative Strength Index (RSI) just sent a buy signal as well after rising above the 14-day moving average. This is an early indication that positive momentum is accelerating. If the price breaks above the trend line resistance shown in the chart, the odds will favor a bullish outlook for SPX.
Some plausible short-term targets include $0.90 and $1.5 first, and then $2 if this results in a full-blown trend reversal.
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