SPX, Joe, and other meme coins are doubling in value like crazy, is the abstract art trend making a comeback?

Is the Abstract Art Trend Making a Comeback? SPX, Joe, and Other Meme Coins Skyrocketing in Value

Dancing demons, different memes, same abstraction.

Original authors: Joyce, Luccy

With the positive news of a Bitcoin ETF and the rise of BTC, the suppressed market has become active again. In a short period of time, concepts related to Bitcoin and its ecosystem such as BRC100, STX, and $ibtc have all taken off. However, what surprised many people is that the “abstract meme coins” that were popular a few months ago have also found a resurgence.

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In this meme trend led by HarryPotterObamaSonic10Inu (BITCOIn), “abstraction” is the keyword. From the beach volleyball girl who claims to surpass the S&P500, to Joe, who looks like MM beans, all styles are extremely abstract. The crypto market is once again experiencing a new wave of “abstract craze”.

SPX6900: “Four No’s” Lovely Girl’s Dream to Outperform the S&P500

When you see SPX6900, you might think of the S&P 500. Yes, the slogan of SPX6900 is to overthrow the S&P 500, and in the past month, SPX has risen by nearly 400%.

People who hold SPX will spontaneously make pictures or videos of SPX6900. With a slightly overlapping anime girl style and a scrolling +6900 symbol, a narrative can be pieced together: a lovely girl saving the crypto market.

Like all other meme coins, opening the SPX official website gives a strange visual experience, with high-frequency flashing videos and poorly made pictures surrounding an anime girl named Marie, reminiscent of the classic game Beach Volleyball.

Clicking on Marie allows you to link your wallet, navigate to the Uniswap trading interface, enter the classic meme coin Bitcoin interface, or have a conversation with her.

Input “how to make money”, and Marie will enthusiastically recommend SPX. You can capture the essence of SPX from this recommendation, which is to dream and do charity at the same time. It may seem absurd, but it has its reasoning: if you dream (buy) early, you can be nourished by the goodwill of latecomers. As for the deeper meaning, you will know when you wake up from the dream, maybe it can really surpass the S&P500.

You can find the most serious introduction in the disclaimer. The statement reads, “It is crucial to carefully read and understand the following points before interacting with SPX in any form”:

No development: The SPX6900 community has no development or deployment of smart contract code, nor did it participate in the creation of the SPX project.

No finance: We do not sell or offer for sale any financial instruments, products, or assets, including but not limited to SPX tokens. SPX is not a security, commodity, or any type of financial instrument, and it is not registered under securities laws of any jurisdiction.

No value: SPX tokens are basic, valueless digital assets residing on the Ethereum blockchain. They have no backing of any commodity, security, or currency, and they have no intrinsic value. Their value (or lack thereof) is purely speculative and subject to market risk, including the complete loss of value.

No rights: Holding SPX tokens or interacting with SPX tokens in any way does not grant you any express or implied rights to compensation, reimbursement, governance, or control over the SPX community or project. The tokens do not grant holders any ownership, profit-sharing rights, voting rights, or any other rights typically associated with financial assets.

Can’t find a narrative? No worries, dreaming away is also a form of storytelling.

Joe: The Vibrant “MM Bean”

My first impression of Joe was that it looks like an MM Bean, but it became popular as a meme coin.

Joe’s official page displays a long image with a staircase pattern, and when you slide down to the bottom of the stairs, the colorful visuals and text extending beyond the page margin make you feel like you’ll receive a “404” reminder in the next second. Maybe dream enthusiasts shouldn’t miss this place. Of course, sliding to the bottom initially isn’t because of the threat of “not slipping for the next 100 years” at the beginning of the webpage. It just naturally feels like the stairs should represent a developmental journey, and I am very curious about how Joe has developed to this day.

Just like some familiar tourist attractions erect introduction boards at the entrance, introducing themselves in multiple languages, as you climb up the stairs, Joe’s official page’s written introductions gradually become diverse, from the initial English to Chinese, Japanese, and even Arabic. Although there is no content about how Joe has grown and developed, it does give you a sense of its “internationalization.”

The “dayday poetry collection,” which started in 2016, with its white background and blue font, and completely incoherent sentences, instinctively made me think it was an unreliable webpage translation result. But just like how I don’t understand the essence of this poem, I also can’t understand why Joe became so popular.

Although Joe has his own Telegram, it is not active and only contains a safety verification message. On Twitter, there are only different types of memes to maintain his mysterious image. According to coingecko data, $JOE has been rising in price for the past month.

OKX partner @famous_analyst said, “Never underestimate the yellow $JOE,” and implied that $JOE is the next $PEPE. After all, if you look closely, you will find that Joe and Pepe both have the same “protruding” goldfish eyes, and their smiles have unusually peculiar angles. Even netizens are keen on photoshopping a humanoid body onto these avatars. They are rightfully known as the “Memecoins Four Horsemen,” as referred to by Unibot X builder @cryptowhail.

@famous_analyst predicts that in a few months, there will be “educational” tweets stating that “these wallets earned millions of dollars early on with $JOE.” Joe enthusiasts in the community also use various Joe memes to express their confidence in $JOE.

There are also relatively calm netizens who say “Joe is unmoved” and accompany it with a meme showing Joe’s disdainful expression. However, I don’t know if Joe is really “unmoved,” but I am indeed unmoved by all this. After all, why wouldn’t I choose something more tangible like MM Beans instead of such abstract Joe?

Of course, taking something to the extreme can become fashionable, and there might not necessarily be any harm in blindly following trends.

All Hell Breaks Loose: Different memes, same abstraction

In addition to SPX6900 and JOE, other meme coins that have recently gained attention include the stitched abstract coin BITCOIn and Haycoin, which was once a test coin on Uniswap.

The full name of BITCOIn, which stitches together Harry Potter, Obama, and Sonic, was purchased by @ColeThereum, the founder of Pudgy Penguins. BITCOIn gained attention in June this year when it surged 35 times in value. In the recent market, BITCOIn has also shown upward momentum.



Haycoin is a test token deployed by Uniswap founder Hayden Adams. Since October 12th, people have gradually started buying and selling HayCoin as a meme coin. After noticing this trend, Hayden made a statement on social media and destroyed around 99.99% of the HayCoin supply. After that, HayCoin saw a maximum increase of 538%, and its price once surpassed $4 million per coin.

But apart from the “abstract leader” BITCOIn and the founder of Uniswap meme coin, meme coins such as $MOG, $BOBO, and others originating from the “abstract art movement” in Europe and America are once again gaining popularity overseas. With the rise of the Bitcoin market, will the abstract art meme frenzy make a comeback?

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