SPX6900 Gains Momentum as MemeCore Plummets Amid Meme Coin Market Turbulence

The meme‑coin SPX6900 saw a sharp rise in June after listings on Upbit and Bithumb boosted liquidity, with trading volume spiking up to 795%. The token is trading in a $0.364‑$0.420 range, and analysts cite the $0.82 level as a potential upside target as sentiment improves.

In contrast, MemeCore lost more than 76% of its value in a single day, sinking below key support and triggering heavy long‑position liquidations worth nearly $8 million, chiefly on Binance and Bybit. Open interest on its derivatives fell 76.7%, reflecting a rapid withdrawal of leveraged exposure. The decline occurred without any official statement from the project, though unverified insider‑manipulation claims circulated.

Both movements illustrate the volatility of the meme‑coin sector, where exchange listings can drive rapid inflows while concentrated ownership and limited liquidity can amplify sell‑offs.