AI16Z and SPX6900 both delivered an interesting bounce recently, climbing 18% and 30%, even if those pumps quickly corrected. Still, the move stands out against the heavy downtrend both coins have suffered for weeks now. Among the two, SPX held up slightly better than the rest of the meme coin market, while AI16Z experienced a much deeper collapse. But what could be the best meme coin to buy?
The numbers paint a clear picture. AI16Z fell from an all-time high of $2.7 billion to just $170 million by the end of March: a brutal 94% capitulation. SPX, on the other hand, also took a hit but performed marginally better. Murad’s favorite meme coin dropped around 85% from its peak in December 2024, still a heavy correction but less severe than AI16Z.
This massive dump doesn’t come out of nowhere. Several factors contributed to the collapse, starting with probably overvaluation. Many AI-themed meme coins exploded to multi-billion-dollar market caps in a matter of weeks, sometimes even days. Remember GOAT? It shot to $1.3 billion in under a month and now trades at just $45 million.
That’s the meme coin scene in a nutshell: fast pumps, fast dumps, and very few survivors once the hype fades and market conditions turn sour. Yet, SPX6900 and AI16Z still stand out. Despite the capitulation, both projects continue to show signs of life, suggesting they may have what it takes to keep thriving, even in this unforgiving environment.
SPX6900, Murad’s Favourite Meme Coin, Could Be One Of The Meme Coin To Buy
(SPXUSDT)
The SPX/USDT chart reveals a strong support of around $388 million and resistance of nearly $860 million. After a sharp decline from February highs, the price recently bounced off the support zone but remains in a broader downtrend. Momentum is fragile, with lower highs still in play. A sustained move above $600 million could signal a trend shift, while a breakdown below the support risks further downside. For now, price action suggests consolidation within this range, awaiting either a bullish breakout or fresh bearish pressure. Traders are waiting for this “Liberation Day” by Trump: clearly, the tariffs tactic is not well accepted by the market, and crypto is no exception.
Could SPX defy the market and fly back up purely on the power of its community? How do you decide which is the best meme coin to buy?
Look into #SPX6900, it has hundreds of times more upside than the one you are trading.
Biggest opportunity of a decade.
Stop Trading and Believe in Something. pic.twitter.com/mPquRYCkqF
— Murad 💹🧲 (@MustStopMurad) March 21, 2025
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MIND of Pepe: The Next Generation AI Meme Coin
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Key Takeaways
- AI16Z and SPX6900 suffered severe drops from their all-time highs, down 94% and 85% respectively.
- Both coins showed recent price rebounds of 18% (AI16Z) and 30% (SPX6900), signaling short-term interest despite downtrends.
- Many AI-themed meme coins, including GOAT, reached unsustainable valuations during the hype cycle and collapsed when sentiment shifted.
- SPX6900 and AI16Z continue to show resilience and community traction, hinting they may outlast weaker, hype-driven meme coins.
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