3 Memecoins That Plunged 50% in the First Week of February 2025

Key Takeaways

• SPX6900, FARTCOIN, and AI16Z all saw their prices crash earlier in the week.
• However, SPX is nearing the oversold level, indicating it could rebound.
• Both FARTCOIN and AI16Z have similar setups, which points to higher prices.

The memecoin market took a brutal hit in the first week of February 2025, as several high-flying tokens plummeted by 50%.

Once tagged the best performers of this cycle, these tokens are now struggling with heavy sell-offs and fading hype. Due to this collapse, many tokens are far below their all-time highs.

In this deep dive, CCN reveals the top three memecoins that experienced such a crash and what could come next for their prices.

SPX6900 (SPX)

Top of this list is SPX6900, which recently hit a new all-time high on Jan. 19. Within the last seven days, SPX price has plunged by 50%.

The token’s price was $1.28 at the beginning of the month. As of this writing, it has tanked to $0.65.

Based on the daily chart, this memecoin crash happened as SPX’s price failed to hold the $1 support. As seen below, the Chaikin Money Flow (CMF) has slipped to the negative region.

This decline indicates selling pressure around the token. However, the CMF reading is close to the oversold point of -0.20, which could trigger a reversal if the cryptocurrency experiences buying pressure.

The Supertrend indicator also seems to support this bounce, as the green line is close to the SPX price at $0.65. With the current setup, SPX’s price might not fall below $0.50.

Instead, the memecoin could bounce above the $1 support. If that happens, the token could retest $1.28.

On the other hand, if the cryptocurrency faces another round of selling pressure, SPX’s price risks declining to $0.44.

Fartcoin (FARTCOIN)

Second on the list is FARTCOIN, a memecoin whose market cap once exceeded $2 billion. At the time of writing, FARTCOIN’s market cap dropped to $538 million, and its price dropped by over 50% this week.

According to the 4-hour chart, FARTCOIN’s price experienced this fall due to the bearish momentum and increased sell-offs. The Relative Strength Index (RSI) reading dropped below 30.00 on Feb. 6, indicating that the memecoin was oversold.

Amid this fall, FARTCOIN’s price also remained stuck below a descending trendline. However, the RSI reading seems ready to rise above the signal line and break the downtrend.

Similarly, the token’s value is on the brink of successfully breaching the falling trend. Should momentum remain bullish, FARTCOIN’s price might rally to the 0.618 Fibonacci level at $1.85.

However, the cryptocurrency might not experience this hike if bears pull the price back. In that scenario, the price might decline to $0.42.

ai16z (AI16Z)

Another token was involved in this week’s memecoins crash in AI16Z.  During the first week of January, the token, which was developed around the trending AI agent narrative, reached a new all-time high of $2.48.

Since that time, the memecoin has found it hard to replicate the performance that sent it that high. However, in the first week of February 2025, AI16Z price plunged by 50%.

While the price has doubled in the last 24 hours, the initial decline happened due to large profit-taking and waning demand.

This caused AI16Z to trade below a falling trendline on the 4-hour chart. However, at press time, the memecoin has risen above the trendline.

Also, the Awesome Oscillator (AO) has flashed green histogram bars, indicating that momentum may soon turn bullish. If this trend continues, the token’s value might jump to $0.78.

However, if the bulls cannot sustain this momentum, AI16Z might fall again. This time, it could decrease to $0.25.