SPX6900 (SPX) has hit a new record high, surpassing a $1.1 billion market capitalization and reaching above $1.25 per token. This marks a significant increase from its previous high of $0.90 in November. The Ethereum-based token, with a total supply of 930 million, has garnered a cult-like following on Crypto Twitter, where its community promotes the idea of holding tokens rather than trading them. Meanwhile, AI Agent projects like Virtuals (VIRTUALS) and ai16z (AI16Z) experienced an average decline of 8% amid skepticism about their AI models. The SPX community’s rallying cry, “stop trading and start believing in something,” has become a popular sentiment. Some investors believe SPX could potentially surpass Dogecoin’s $51 billion market cap, with one proponent suggesting that even a fraction of that value would still be significant.
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