The memecoin space is witnessing a sharp divergence in momentum, driven by evolving tokenomics and shifting liquidity flows. Some assets like SPX6900 and FLOKI are attracting substantial investments, while others like BONK and FARTCOIN are in consolidation.
SPX6900 Eyes $2
SPX6900 has emerged as one of the strongest performers in the current memecoin cycle, gaining nearly 12% in 24 hours. It recently touched the $1.35 mark and is targeting a retest of its January highs around $1.70 to $1.73. The SPX price has recently smashed a new ATH at $1.77 and now that it is just 20% away, a new ATH above $2 seems imminent.
FLOKI Surges on Whale Activity
FLOKI is experiencing a powerful resurgence, surging over 14% in a single day and drawing attention with a 571% spike in the trading volume, now exceeding $260 million daily. This spike came on the back of a technical breakout from a falling wedge pattern, with bullish confirmation from whale wallets accumulating over 1.2 billion FLOKI tokens.
BONK and FARTCOIN Consolidate
BONK has cooled off slightly after a 60% rally this week, currently consolidating just below key resistance at $0.000025. With a 1 trillion token burn expected soon and growing on-chain volume, BONK may be setting up for another breakout if resistance clears. Meanwhile, FARTCOIN is trading in a tightening range between $0.73 and $1.45, suggesting a breakout could be imminent.
Trends in the memecoin space demonstrate interesting changes. SPX6900 and FLOKI show solid growth, while BONK and FARTCOIN are on the verge of potential breakouts, which could lead to new waves of activity in the market.
