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Meme Coin SPX Shows Potential Signs of Renewed Interest Amid Market Gains and Solana Launchpad Activity

2025-07-17 10:27:58

Main Idea

Meme coins, led by SPX, show renewed interest with a 31% market gain, driven by record token launches on Solana and investor milestones like Murad's $56.9 million portfolio.

Key Points

1. Meme coins surged 31% in a month, outperforming other cryptocurrency categories, signaling a potential resurgence in 2025.

2. Investor Murad's portfolio reached an all-time high of $56.9 million, with 96% concentrated in SPX, reflecting strong meme coin performance.

3. Solana's Letsbonk.fun platform saw a record 19,900 meme tokens launched in a single day, boosting active addresses on Solana launchpads by 60%.

4. The meme coin market cap stands at $72.3 billion, below its 2024 peak of $127 billion, indicating potential for further growth.

5. The surge in meme coin activity highlights opportunities and risks for investors, requiring balanced risk management amid high returns.

Description

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$SOL
$175.89
+1.33%
$SPX
$1.8022
+0.05%