SPX6900, the memecoin that literally named itself after the S&P 500 index with a higher number, just landed on South Korea’s biggest digital asset exchange. Upbit opened deposits for SPX today at 14:00 KST, with trading available against Korean Won, Bitcoin, and Tether.
What is SPX6900 and why does anyone care
SPX6900 launched in August 2023 on Ethereum with a straightforward, if slightly unhinged, thesis: it wants to “overturn” the S&P 500. The token’s entire brand identity is built around satirizing traditional finance, positioning itself as a meme-powered alternative to the most watched stock index on the planet.
The token started as an ERC-20 on Ethereum but has since expanded to Solana and Base through the Wormhole bridging protocol.
SPX6900 has a total supply of 1 billion tokens, with approximately 930.99 million currently in circulation. Around 69 million tokens, roughly 6.9% of total supply, have been burned. The 6.9% burn figure is almost certainly intentional, given memecoin culture’s affection for that particular number.
