Whale Rakes in $4.46M Profit on SPX6900 Meme Coin via Bybit Deposit

A cryptocurrency whale has made headlines by securing a staggering $4.46 million profit from the SPX6900 (SPX) meme coin. The investor deposited 2.53 million SPX tokens, valued at $4.55 million, into the Bybit exchange, showcasing a well-executed accumulation strategy. On-chain data reveals that the whale initially purchased 13.34 million SPX tokens for $19.47 million through Bybit and other wallets. The remaining holdings—6.357 million SPX—continue to hold significant value, further highlighting the whale's strategic positioning in the meme coin market. This move underscores the potential for substantial gains in the volatile yet lucrative world of meme coins, with Bybit serving as a key platform for such high-stakes transactions.

Whale Nets $4.46M Profit on SPX6900 Meme Coin via Bybit Deposit

A cryptocurrency whale has captured market attention by realizing a $4.46 million profit on the SPX6900 (SPX) meme coin. The investor deposited 2.53 million SPX tokens worth $4.55 million into Bybit, capitalizing on a strategic accumulation strategy.

Onchain data reveals the whale originally acquired 13.34 million SPX tokens for $19.47 million through Bybit and other wallets. The remaining holdings—6.357 million SPX valued at $11.44 million across three wallets—signal continued confidence in the asset.

This transaction underscores the profitability potential of meme coins when paired with disciplined timing. The whale’s execution—buying low, selling high—demonstrates how patience and position management can yield outsized returns in volatile crypto markets.

SPX6900 Whale Takes Profits Amid Strong Memecoin Performance

A significant SPX6900 whale deposited 2.53 million tokens into Bybit on July 20, securing $4.46 million in profits as the memecoin reached new all-time highs. Despite this move, the whale retains over $11 million worth of SPX6900, signaling continued confidence in the asset.

IntoTheBlock data reveals 90% of holders remain profitable, with zero on-chain traders at a loss. Accumulation patterns show strong support zones between $0.57-$0.72 and $1-$1.32, indicating sustained investor interest. Notably, 74% of traders have held SPX6900 for 1-12 months, suggesting long-term conviction outweighs short-term profit-taking.

The memecoin's resilience persists despite whale activity, with its concentrated holder base and high profitability metrics positioning it as a standout performer this cycle. Market structure suggests potential for continued upside, though a retest of trendline support remains possible.