We’ve all seen meme coins with no utility put up some incredible numbers. SPX6900 (SPX) is a popular example, proving that a strong narrative and pure “degen” energy can be more than enough to produce a massive rally in a similar way to Dogecoin’s (DOGE) bull run in 2021.

But the market has gotten faster and more intense since then. While DOGE built its community off of Elon Musk-driven hype, newer coins like SPX6900 are designed for explosive growth fueled by a chronically online, satire-first culture.

The trick, of course, is knowing when that hype is starting to fade. And that might be happening to SPX6900 right now, as its price has dipped significantly since July’s all-time high. Traders are now looking for alternative options.

One low-cap meme coin that’s getting attention in this regard is TOKEN6900 (T6900). As momentum cools on SPX6900, traders are seeing TOKEN6900 as a much better long-term hold – and some even think it could 100x from today’s price.

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Why Is SPX6900’s Price Cooling Off?

You couldn’t ignore SPX6900 for a while there. The token has experienced an explosive rally since March, climbing over 790% in five months to hit an all-time high of $2.28. Its multi-chain setup and strong meme narrative have made it one of this year’s biggest success stories.

But the momentum that drives a token up can also reverse, and that’s exactly what we’re seeing happen right now. In the past week, SPX6900’s price has slipped by 11%, and it’s currently hovering around the $1.12 mark.

So, what’s causing the sell-off? It’s a classic case of profit-taking mixed with fading interest. Investors are cashing out their gains, which creates downward pressure. Plus, as is the case with most meme coins, trading volumes inevitably drop as people look for the next big thing.

With the bears now in control, many former SPX6900 holders are rotating into different meme coins. TOKEN6900 (T6900) is benefiting from this trend – as evidenced by yesterday’s explosive DEX launch.

TOKEN6900 – The New Meme Coin Capitalizing on Explosive Presale Success

TOKEN6900 is a new meme coin that shares the same irreverent energy that made SPX6900 such a hit. The hype was already obvious, given that TOKEN6900’s presale raised over $3.5 million. But the real test came with its DEX launch.

The token went live on Uniswap yesterday at 2pm UTC, and saw some immediate fireworks. After a slight sell-off (totally normal for a new meme coin launch), T6900 quickly found its footing. And following yesterday’s low, TOKEN6900 rallied 174% in just two hours.

At the time of writing, the token’s price has pulled back slightly to $0.0095 – still far higher than its presale price. Plus, more than 5,200 people worldwide now hold TOKEN6900.

What makes this launch so eye-catching is the team’s commitment. They’ve locked over $390,000 worth of liquidity for 11 months – a signal that they’re here for the long run. This arrangement is designed to build confidence for traders seeking SPX6900-style returns.

Could TOKEN6900 Be the Next 100x Meme Coin?

The big question on everyone’s mind is: Could TOKEN6900 pull off a 100x rally from here? While nothing is ever guaranteed in crypto – especially when it comes to meme coins – T6900 looks set for even more growth.

TOKEN6900’s tiny launch price and low market cap of $8.5 million give it a massive runway. Getting a 100x return from a market cap this low is a lot more achievable than it would be from a $1 billion valuation (as is the case with SPX6900).

The fuel for such a move could come from a few key sources. First up are major CEX listings. We’ve already seen evidence that exchanges like Binance and Coinbase aren’t shy about listing “pure” meme coins, and a listing on either of these platforms would expose TOKEN6900 to an enormous amount of new liquidity.

Plus, with Q4 looming, many are expecting another “meme coin season” like we saw last year. As a low-cap meme coin, TOKEN6900 is in a great spot to benefit if that happens. So, with SPX6900 looking weak, the capital has to flow somewhere – and TOKEN6900 is a logical destination.