Meme Coin Sector Explodes 16% — Has the Crypto Supercycle Arrived?

Dog coins, cat coins, and meme tokens roar back as retail FOMO ignites.

The numbers don't lie—a 16% sector-wide surge in 24 hours sends degenerates and degens alike into a frenzy. Is this the long-predicted 'supercycle,' or just another bull trap for bagholders?

Meanwhile, Wall Street analysts still can't tell the difference between a Shiba Inu and an actual investment thesis.

Meme Coin Market Cap Surpasses $73 Billion

In the last 24 hours, total market cap jumped to $73 billion, with a 16% gain and $26 billion in trading volume; numbers not seen since peak altcoin rotations in early 2024.

But beyond the totals, it’s the spread that signals structural momentum.

Solana memes like BONK and WIF gained over 12%. Dog-themed giants like DOGE and SHIB rallied in sync. Even fringe verticals like 4chan tokens and speculative “Murad Picks” logged double-digit gains.

Even Murad Mahmudov, once a staunch Bitcoin maximalist, now backs meme coins as the next frontier of speculative attention. His current ” Murad” picks — as tracked on CoinGecko — include SPX6900, MOG, POPCAT, GIGACHAD, and APU, each framed as “pure memetic exposure” to the culture cycle.

PEPE, backed by whale buys and volume spikes, led trading activity with $1.37 billion in 24-hour volume. 

Whale 0x06b3 spent $2.68M to buy 227.8B $PEPE 12 hours ago.https://t.co/Z3ltrp7KIc pic.twitter.com/IGMuSGKkpG

The stats suggest a coordinated market-wide rotation, with capital treating meme assets as part of a shared narrative.

SPX6900 Emerges as the Bellwether Token

Amid the coordinated rally, SPX6900 has positioned itself as the token that traders use to track the sector’s health.

While it isn’t a formal basket or index, SPX has come to symbolize meta-meme exposure, a chart many traders now reference when gauging broader meme sentiment.

SPX6900 is a meme sector-native token that’s become the market’s unofficial benchmark for tracking meme coin momentum.

Two key signals stand out:

• The holder count has surged past 43,400, marking a local high
  
• Exchange inflows have dropped, pointing to reduced sell pressure and increased conviction

This combination, more wallets holding, fewer tokens sent to exchanges, suggests that capital is rotating with mid-term intent. And since SPX’s chart often moves ahead of tokens like PEPE, WIF, and BONK, it’s now being treated as a sentiment proxy for the entire sector.

While SPX doesn’t represent a basket, its behavior is shaping the narrative structure of the meme coin supercycle.

SPX Price Action and BTC Decoupling Fuel Supercycle Talk

While sentiment and wallet data set the stage, the price chart of SPX6900 could trigger the next leg of the meme coin rally.

The token is currently trading at $1.67, just 1.7% below its all-time high of $1.74 — a level not seen in over six months. Crucially, SPX has already flipped $1.55 into support, showing that the rally isn’t just reactionary; it has structure behind it.

If the chart holds above that zone, traders will be watching $1.739 and higher as the breakout level that confirms sector-wide continuation.

​​The invalidator is also clear. A sustained drop below $1.45 WOULD break the bullish structure and could stall the broader meme rally.

This makes SPX one of the cleanest risk-reward charts in the meme space, and its technicals are increasingly being used to gauge the health of the entire sector.

What adds even more weight to the thesis is SPX’s decoupling from Bitcoin.

Over the past week, SPX has outperformed BTC on relative terms—something rarely seen in meme cycles, which historically follow Bitcoin’s volatility.

This early leadership hints that the meme coin sector may no longer need BTC to break first. Instead, meme traders are leaning into SPX as the sector’s momentum leader, using its structure as confirmation.

If the breakout above $1.77 occurs, it could set off a fresh wave of inflows, not just into SPX but into the entire meme coin ecosystem, reigniting forgotten tokens and speculative forks.

In short, SPX6900 could be the chart that confirms whether this meme season is just a brief rally or the real start of a meme coin supercycle.