Altcoin outlook remains favorable Despite recent

Altcoin outlook remains favorable

Despite recent weakness, SPX still stood out compared to the broader market.

The Altseason 90-day index ranks SPX as the third-best performer across the market, up 111%, behind MemeCore [M] and Pudgy Penguins [PENGU].

Still, the memecoin sector overall fell 6.8% over the week, adding to bearish sentiment, according to Artemis.

Meanwhile, Token699—a memecoin doppelgänger—drew heavy speculation as investors compared it to SPX. Its presale activity appeared to absorb liquidity from the market, contributing to SPX’s downward pressure.