The S&P 500 index, also known as the SPX, is widely regarded as the barometer of the overall U.S. stock market. The index measures the performance of 500 large-cap publicly traded companies in the U.S., including the “Magnificent 7″ cohort.
Few people might be aware, though, that there even exists a cryptocurrency called SPX, which, interestingly, has netted mammoth returns to its holders over the last year.
What happened: SPX6900 (CRYPTO: SPX), a parody coin with a market capitalization of over $400 million, has surged an eye-popping 17474.22% in the last year.
In fact, the Solana (CRYPTO: SOL)-based token finished 2024 as the year’s second-biggest gainer, dwarfing the …
