Ourbit: The Degen Exchange Fueling $SPX’s 670x+ Rise & Memecoin Supercycle
TL;DR:
- $SPX memecoin soared over 670x, pioneering the “there is no chart, i love you” philosophy with its community
- Ourbit — the #1 degen crypto exchange at the forefront of memecoin mania, tweeted about the “there is no chart” quote, further replied by Murad, celebrating the $SPX price surge
- Murad prophesied a “Memecoin Supercycle Thesis”
At Ourbit, we’re the ultimate degen crypto exchange at the forefront of a seismic shift in the crypto landscape — the memecoin frenzy. Meet $SPX (SPX6900), the memecoin sensation that has skyrocketed over 40x in the last 30 days and an astonishing 670x since its launch in late 2023. We were the 1st centralized exchange to list this explosive token, catalyzing its meteoric growth from $200 million to over $800 million market cap.
Then, something extraordinary happened on October 12th that propelled the $SPX phenomenon to new heights. A playful tweet from our official X account, quoting the $SPX motto “There Is No Chart, I Love You,” went viral and sparked an iconic interaction with Murad Mahmudov. His reply, echoing the same words alongside an image of a blank trading chart, perfectly encapsulated the philosophy behind $SPX — investing based on belief rather than metrics. Our embrace of the mantra “There Is No Chart, I Love You” helped catalyze the meteoric 670x rally of $SPX, a testament to our vision and support for this unconventional, community-driven phenomenon. The burning question: Could memecoins catalyze a new era of mass crypto adoption?
What Is SPX6900 and What Does "There Is No Chart, I Love You" Mean Exactly?
While most traders obsess over price charts, we recognized the power of memecoins early on… One memecoin is rewriting the rules — $SPX (SPX6900). A parody of the S&P 500 index, a major stock market benchmark, SPX6900 aims to “replace the S&P 500” by acting as an index for memecoins. So far, $SPX has skyrocketed over 670x since its launch, nearly tripled holders to 14,000+ from September to October, and transitioned from a market capitalization of approximately $200 million to $800+ million within the past week reflecting a strong bullish sentiment.
At the core of this phenomenon lies an unorthodox mantra adopted by the $SPX memecoin and its dedicated community: “There is no chart, I love you.” This motto encapsulates the essence of the $SPX philosophy — a rejection of traditional technical analysis in favor of emotional investment and the belief in the power of community. The origin? A simple yet profound idea: “Stop Trading and Believe in Something.”
$SPX memecoin thrives on hype, sentiment, and the collective enthusiasm of its community members — they have “cult-like” qualities, where members exhibit extreme loyalty and passion for the token. The phrase “Stop Trading & Believe in Something” reinforces this idea by encouraging its community members to invest not just their money but also their faith in the community and its shared vision. This sentiment fosters a sense of belonging and purpose among holders, transforming their investment into a communal experience rather than a mere financial transaction.
Memecoin Trader — Murad Mahmudov: Prophesying the Memecoin Supercycle
At the heart of this memecoin frenzy is Murad Mahmudov, a prominent crypto figure whose viral interaction with us on Twitter amplified the SPX6900 mania. Murad is renowned for his insights and bold predictions about the “Memecoin Supercycle”. His endorsement of $SPX and the impressive 7900%+ return on his initial investment in $SPX (according to The Data Nerd on October 12) have attracted attention from both retail and whale traders alike. Murad has also cultivated a fervent following, with many traders eager to emulate his investment choices and embrace his “Memecoin Supercycle Thesis.” — that memecoins will play a pivotal role in onboarding new users to crypto space, surpassing even the impact of conventional altcoins. He believes that the hype and community-driven nature of memecoins will ignite a broader adoption cycle, driving significant price appreciation for these unconventional assets.
Ourbit — The Ultimate Degen Crypto Exchange, Fueling Memecoin Mania
As the memecoin phenomenon continues to captivate the crypto world, Ourbit emerges as a pioneering force, presenting ourself as the ultimate degen crypto exchange at the forefront of this potential paradigm shift. We were the 1st centralized exchange to list $SPX, $BITCOIN, $RETARDIO, and other explosive memecoins, catalyzing their growth. And the results speak for themselves: $SPX skyrocketed 670x since launch, with others achieving a staggering 10X+. What’s more, Ourbit provides the no.1 liquidity for memecoins among centralized exchanges and offers up to 200X leverage for futures trading.
What sets us apart is our prophetic listing ability to identify winning memecoins before they take off. Our team’s degen mentality opened access for traders and newcomers to capitalize on memecoins’ upside. With our finger on the pulse of the degen community, a deep understanding of memecoin culture, and the ability to identify explosive memecoins early, Ourbit is the go-to crypto exchange for degen trading, whether you’re a seasoned degen trader or a crypto newbie intrigued by the allure of memecoins.
Interested traders feel free to sign up and claim up to 10,000 USDT newcomer rewards:
The Crypto Mass Adoption Future Starts with A Memecoin Supercycle?
The extraordinary $SPX saga offers a glimpse into how memecoins’ unconventional appeal could breakthrough into the mainstream, reflecting a fundamental shift in how memecoin communities approach investing. They prioritize emotional engagement, community cohesion, and shared beliefs over traditional metrics. This cultural phenomenon not only enhances the appeal of memecoins but also illustrates how memecoins can create meaningful connections among their holders in an increasingly complex financial landscape. Now, a tantalizing possibility emerges: Are we witnessing the dawn of a memecoin-driven supercycle that will catalyze mass adoption of cryptos?
About Ourbit:
Ourbit is the 1st memecoin SuperCEX, built by the ex-founding team of top-tier exchanges with deep roots across memecoin ecosystems like SPX6900, HarryPotterObamaSonic10Inu, RETARDIO, Mumu, and many more. Delivering the no.1 liquidity for memecoins and the most comprehensive listings of high-performing memecoins for spot & futures trading up to 200x leverage, Ourbit is purpose-built to empower the degen economy and community with the highest liquidity, leverage and first-move advantage to pursue meme-ionaire dreams.
Official Website: https://www.ourbit.com/
Twitter: https://twitter.com/Ourbit_Official
YouTube: https://www.youtube.com/@OurbitExchange
Telegram (Global Community): https://t.me/Ourbitglobal
Telegram (Official Announcement): https://t.me/ourbitofficial
