Donald Trump provoked the growth of a little-known cryptocurrency by 17,500%

Note: not investment advice!

As the S&P 500 stock index fell due to Donald Trump’s trade policy, the meme cryptocurrency of the same name, SPX6900, experienced an unexpected rise. Although this coin has nothing to do with the real stock market, its price has increased by 17,474% over the past year. Thus, the virtual token became the second most profitable cryptocurrency asset in 2024.

SPX6900 is a meme token created on the Solana blockchain SOL $104.23 Binance-Peg SOL -2.26% Market capitalization $0.11 billion VOL. 24 hours $0.62 billion . Its market capitalization exceeds $ 400 million. Despite its overtly satirical nature, the community around the token jokingly declares its intention to «challenge» the real S&P 500 index, offering instead the imaginary «SPX6900» as a new era of market dominance. At the same time, the project’s official website explicitly states that the token was created for entertainment purposes only.

However, after a rapid rise, the token, like the entire crypto industry, underwent a serious correction in 2025. Since the beginning of the year, SPX6900 has lost almost 50% of its value and is trading 75% below its all-time high. At the time of publication, the token’s price was $ 0.4387, down 12.39% over the past day.

This trend has coincided with the collapse of traditional markets: the S&P 500 index has fallen by more than 13% since the beginning of the year, and on Friday alone, it fell by almost 6%, showing the worst result since March 2020. Analysts cite the Trump administration’s new tariff measures as the reason for this, which triggered a wave of sales in both the stock and cryptocurrency markets.

Nevertheless, the SPX6900 phenomenon emphasizes not only the influence of meme culture on the crypto economy but also the overall volatility of modern financial instruments, when even satirical tokens can show returns that are many times higher than those of traditional assets.

No Worries strongly advises readers not to invest in dubious crypto projects and little-known digital assets!