SPX Memecoin Shows Strong Holder Accumulation Amid Price Rebound, Targets $1 Breakout

The SPX memecoin has garnered significant attention in late November 2025 as its price rebounded sharply from a long-standing demand zone between $0.40 and $0.58. Weekly gains of 18% and intraday growth of 20% have positioned SPX among the top performers in the memecoin sector, outpacing others like FART and B, which showed only mild upside.

Holder data from HolderScan reveals a steady accumulation trend, with the number of SPX holders increasing from 105,210 in late October to 107,910 by late November. This growth occurred across Base, Solana, and Ethereum chains, with Base leading at 107,827 holders. Despite this accumulation, the price has faced resistance around $0.60, and Open Interest (OI) declined from $14.24 million to $9.73 million, indicating mixed market sentiment.

Broader market dynamics, including Bitcoin's rise from $80,500 to $87,000 and the S&P 500 index's climb toward potential new all-time highs, have indirectly boosted speculative interest in SPX. Technical analysis points to key resistance at $1, with liquidity clusters at $1.20 and $1.70 potentially acting as targets in a bullish scenario. However, liquidity concentrations below the current price, particularly between $0.48 and $0.52, suggest a risk of pullback if momentum wanes.

As of writing, the SPX price stands at $0.6436 with a market cap of $599.19 million. The outlook for December and early 2026 hinges on sustaining holder strength and overcoming liquidity traps, with a breach above $1 potentially fueling a 160% rally to $1.60.