SPX6900

Date: Mon, Oct 14, 2024, 04:53 AM GMTThe cryptocurrency market kicked off this week with a bang, riding the wave of the so-called &#34;Uptober&#34; rally. Bitcoin (BTC) has soared past the $64,000 mark, now trading at $64,239, gaining 2.26% in the past 24 hours. This bullish momentum has also boosted several altcoins and memecoins, including SPX6900 (SPX), which has seen a meteoric rise in recent days.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/10c238b158c84c8dae44426b40126a4c.png" />Source: CoinmarketcapIn the last 24 hours, SPX is up 4.454%, trading at $0.8862 despite some profit-taking by whales. The token has surged 137% in the past 7 days, adding to its staggering 3300% rally over the last 30 days, fueled by high demand from whales and retail investors.<h3 id="whale-cashes-out-with-6-44m-profit">Whale Cashes Out with $6.44M Profit</h3>A report from <a href="https://x.com/spotonchain/status/1845671566992191809" rel="noopener noreferrer nofollow">Spotonchain </a>revealed that one whale, who invested $153,000 to acquire 7.793 million SPX between July 31 and August 15, has now begun selling. With the recent price surge, this investor has already secured a 42x return, turning the initial investment into a massive $6.44 million profit.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/7644d5fb759e4a088fd37adc2eb1529a.jpeg" />Source: Spotonchain (X)The whale sold 793,092 SPX for $687K, exchanging it for 280.5 ETH, leaving 7 million SPX tokens—currently valued at $5.91 million—in the wallet. The selling activity, which began 11 hours ago, signals potential profit-booking among large holders.<h3 id="will-the-rally-continue">Will the Rally Continue?</h3>With SPX trading at $0.8657, it recently faced rejection after approaching the $1.00 mark, hinting at profit-taking pressure. As SPX&#39;s rally has been heavily driven by <a href="https://coinsprobe.com/spx6900-spx-dominates-memecoin-space-following-large-whale-activities/" rel="noopener noreferrer nofollow">whale activity</a>, increased selling could trigger a major correction.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/e344fce6a6e64daba676092bc5b77bc7.png" />Source: DexscreenerHowever, if the bullish momentum holds and the token manages to break above the $1.00 resistance, a new upside rally could be on the horizon. Investors are now watching closely to see if the ongoing whale activity signals the end of the rally or just a temporary pullback.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.Also Read: <a href="https://coinsprobe.com/crypto-youtuber-explains-how-much-turbo-do-you-need-to-become-a-millionaire/" rel="noopener noreferrer nofollow">Crypto YouTuber Explains: How Much $TURBO Do You Need to Become a Millionaire?</a>

SPX6900 (SPX) Whale Secures $6.44M Profit After Massive 42x Gain: Will the Rally Continue?

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