SPX6900 (SPX), a meme token parodying the S&P 500, surged 9.32% in 24 hours after South Korea’s two largest crypto exchanges, Upbit and Bithumb, both announced support for the token on June 16. The listings opened direct Korean won (KRW) and crypto trading pairs, injecting fresh volume into the asset after a prolonged downtrend.
Upbit launched SPX trading at 14:00 KST across KRW, BTC, and USDT markets, while Bithumb followed at 17:00 KST with a KRW pair and a reference price of 515 won. Both exchanges applied standard new-listing controls: buy orders were blocked for the first five minutes, only limit orders were permitted during an initial window, and sell orders faced restrictions to curb excessive volatility.
Spacecoin (SPACE) also debuted on Bithumb the same day, adding a DePIN-focused token side‑by‑side with the meme coin. SPACE trading in the KRW market started at 14:00 KST; the token was up over 17% in 24 hours at press time.
SPX price on crypto.news stood at $0.377031, with a 24-hour range of $0.33316–$0.39646 and volume of $27.69 million. Market capitalization reached about $350.9 million, ranking #130. Despite the daily gain, the token remained 74.8% down over the past year and far from its July 2025 all‑time high of $2.27. Short‑term momentum improved: the RSI rose to 60.81, and a positive MACD histogram (<0.0082) signaled nascent bullish pressure. However, resistance looms at the $0.40–$0.45 zone; a breakout would confirm stronger demand, while rejection could keep SPX in its sideways range.
The dual listings mark a significant liquidity event for SPX, which previously lacked Korean exchange access. Analysts note that Upbit and Bithumb historically boost visibility and trading activity for newly listed tokens, though the long‑term impact depends on sustained community interest and market conditions.
