Been combing through onchain data to try to identify outliers in the memecoin space and @spx6900 is standing out in just about every dataset

For example, it's the only top memecoin (not including AI coins) that has grown its number of wallets holding $100k + over the last 30 days.

To add some additional context:

1. 2.19% of SPX wallets have over $100k

2. MOG is #2 with 1.2%. GIGA is #3 with .94%. If you're curious, WIF is .42%. Pepe is .66%.

3. SPX is up about 40% over the last 30 days (with lots of volatility) while many other memes were down — which can skew the data.
4. With that said, WIF is up 14% over the last 30 days. But it's down 45% in terms of wallets over $100k.

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Key Takeaways:

1. It appears that SPX is attracting more convicted large buyers than any of the other top memecoins

2. Every top meme has grown its total tokenholders over the last 30 days

3. But whales have been exiting every top memecoin except SPX over the last 30 days

4. Some of these whales may be moving over to SPX

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P.S. I'm sharing a banger of a data-driven report covering the top memecoins in the space on Friday with readers of @the_defi_report

It'll include:

- Holder conviction metrics
- Growth rates
- Whale conviction metrics (SPX6900 whale retainage is off the charts compared to the other memes)
- Median and average holdings
- Insider transactions 1 week post-launch (to identify cabal coins)
- % of wallets that have not transferred to DEXs

And more.

If you'd like to have the report hit your inbox when it's published, see the link below 👇

All data pulled from @Dune
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