Could the Surge in SPX Crypto Token End With a Crash?

The SPX6900 token, a rising star in the crypto world, has seen significant gains since March, establishing itself as one of the top gainers. The token’s price surged past $1.22 on May 29th, reaching its highest point in over six months. This surge has propelled SPX to eighth place in the meme coin ranking, with a valuation exceeding $1 billion. The rapid increase is fueled by fear of missing out (FOMO), driving up the number of holders from 29,000 in January to 40,000 now. 5 This surge has also been reflected in an increase in social media mentions.