SPX6900 jumps nearly 10% as Upbit and Bithumb open Korean trading

South Korea’s largest crypto exchange, Upbit, announced trading support for SPX6900 (SPX) on June 16. 

The exchange set SPX trading to start at 14:00 KST across KRW, BTC, and USDT markets. The listing gives SPX direct access to won-based trading and two major crypto pairs on one of the country’s main exchanges.

Bithumb also announced support for SPX6900 in the KRW market. The exchange set the SPX/KRW market to open at 17:00 KST, three hours after Upbit’s planned start. The two listings place SPX in front of Korean retail traders during the same trading day.

SPX6900 is a meme token based on a parody of the S&P 500. The project uses market culture and internet humor as its main identity. The listings do not change the token’s core use case, but they add new centralized exchange access in a major Asian crypto market.

Bithumb also adds Spacecoin

Bithumb also listed Spacecoin (SPACE) in the KRW market. The exchange set SPACE trading to start at 14:00 KST, with deposits and withdrawals expected within two hours of the notice. Bithumb said it supports SPACE deposits on the Ethereum network only.

Spacecoin is a DePIN project focused on satellite-based global internet access. Bithumb described the project as building a decentralized connection layer for global data transfer. The project’s token, SPACE, is expected to support satellite services, staking, and partner-related payments.

Spacecoin (SPACE) traded near $0.0077 at press time, indicating 17% increase in the past 24 hours and almost 20% in the past 7 days, according to CoinGecko data.

The SPX and SPACE listings show that Bithumb added two different token categories on the same day. SPX sits in the meme coin sector, while SPACE sits in the decentralized physical infrastructure network sector. Both opened with KRW market access, which lets Korean traders trade them directly against the won.

Bithumb also set trading controls for the new markets. The exchange said buy orders would be blocked for the first five minutes after trading starts. It also said some sell orders and order types would face limits during the early trading window.

The exchange also warned users about risk. Bithumb said virtual assets are “high-risk products,” and users can lose all or part of their funds. It added that investors remain responsible for their own trading decisions.

SPX price rises after listing news

Crypto.news price data showed SPX6900 trading at $0.377031 on June 16. The token rose 9.32% in 24 hours, while seven-day performance stood at 26.83%. Its 24-hour trading volume reached $27.69 million, with the price moving between $0.33316 and $0.39646 during the same period.

The token held a market capitalization of about $350.9 million and ranked #130 by market cap on the crypto.news price page. Its fully diluted valuation matched the same figure. The circulating supply stood at 930.99 million SPX, with a maximum supply of 1 billion tokens.

The latest daily chart showed a short-term recovery from a lower consolidation range. SPX has moved mostly sideways after a long decline from earlier highs. The current price remains well below its all-time high of $2.27, reached on July 28, 2025.

SPX was still down 74.8% over the past year, based on crypto.news data. The 30-day move stood at 1.59%, while the 200-day change was down 45.82%. These numbers show that the latest rebound came after a long pullback.

Momentum improves, but resistance remains

The short-term chart showed SPX moving back toward the upper part of its recent trading range. The nearest resistance area sits around $0.40 to $0.45, where price had faced selling pressure in May. A clean move above that zone would show stronger short-term demand, while another rejection would keep the range in place.

The relative strength index stood at 60.81, above its moving average of 44.78. That reading shows stronger buying pressure in the short term. The indicator remained below the overbought zone, so the move had not reached an extreme level by that measure.

The MACD also showed early improvement. The histogram was positive near 0.0082, while the MACD line stood above the signal line. Both lines remained close to the zero area, which shows that the rebound was still developing.

The Korean exchange listings added a new trading event for SPX6900 after a period of weak long-term performance. Traders will now watch whether Korean market access can support volume beyond the opening sessions. SPACE will also face its first KRW market test on Bithumb as users assess demand for the satellite-based DePIN project.

The listings also arrived during broader interest in Korean won trading pairs this week.