An analysis says core investors in meme coin SPX6900 are showing long-term holding tendencies similar to early Bitcoin investors. It argues the community culture of continuing to hold rather than sell despite a steep price drop resembles the behaviour of early Bitcoin investors.
On Nov. 6, blockchain media outlet Decrypt reported that prominent cryptocurrency investor Murad Mahmudov recently highlighted the SPX6900 community’s extreme long-term holding tendency in a post on X, formerly Twitter.
“People who made it big with Bitcoin acted exactly the same way SPX6900 ‘Aeons’ are acting today,” he said. “Extreme buy-and-hold.”
What Murad focused on was not the technological capabilities or market capitalisation of the two assets, but how investors behave. He explained that early Bitcoin investors chose to hold for long periods rather than trade frequently, maintained conviction through major downturns and achieved high returns. He said similar investment behaviour is appearing among SPX6900’s core holders.
The SPX6900 community calls itself “Aeons” and emphasises a long-term holding culture. The project’s official website sets out a principle: “Stop trading and believe in something.” The community says recurring purchases became the main investment approach from late 2024 to early 2025 and advises against focusing excessively on short-term price fluctuations.
That view also aligns with the meme coin investment philosophy Murad has previously emphasised. He has believed that a tightly bound community can form a long-term network around an asset. He previously cited the communities around Bitcoin, XRP, Dogecoin and Cardano as examples of long-term holding tendencies.
The current market situation for SPX6900 suggests why such long-term holding claims are drawing attention. SPX is trading at about $0.36 and has a market capitalisation of about $336 million. That is down about 84 percent from its all-time high of about $2.27 set in July 2025.
Murad’s claim focuses on investor behaviour of continuing to hold despite a steep price correction. He said buying an asset in a rally and not selling even after it falls more than 80 percent requires a different level of conviction.
Still, it is difficult to view SPX6900 and Bitcoin as the same type of investment target. While Bitcoin grew based on a decentralised monetary network, SPX6900 presents itself as a community-centred meme asset. The SPX6900 official website also states the token has no intrinsic value and does not assume expectations of financial returns. It also emphasises that it is a project for entertainment purposes.
Therefore, Murad’s comparison does not mean the two assets have the same value or future returns. He is arguing that investor behaviour is similar, including extreme conviction, continued accumulation and an avoidance of selling. It remains to be seen whether such community culture will be maintained in future market cycles and lead to new inflows of funds.
People who made it big with Bitcoin, acted exactly the same way SPX6900 Aeons are acting today. Extreme Buy-and-Hold.
