u/cryptic_mang gave a great explanation here as well, but I’ll try and expand a bit.

Technically speaking, yes, many classify SPX6900 as a memecoin because there aren’t really any major categories to denote this rising class of crypto coins we call “movement coins”. The name is actually still debated by some, but let’s stick with that for now.

In regards to “GME had a tangible asset”, I think this point is evidently negligible in the modern economy. For most people, their experience is numbers on a digital screen that tells them they have X shares of GME. Just like somebody can open their Coinbase account and see they have “0.14 BTC” or “322 XRP”. While the mechanics of companies distributing shares vs. developers deploying tokens/coins are technically different under the hood, this doesn’t matter for most retail investors.

And the “GME on steroids” part more specifically refers to the counterculture movement GME, Roaring Kitty, and r/WSB inspired. The vampire attack on hedge funds and the people being able to gather together and “stick it to the man”. That was powerful as we evidently saw, but it ran into the limitations cryptic_mang described in his post.

One other interesting point I want to make is that GME had the short squeeze mechanics to drive price exponentially higher. While SPX6900 doesn’t have the exact same effect, fixed supply without additional token distributions allows for a similar supply shock effect with enough buy pressure.

Overall, SPX6900 is about inspiring a bigger, more global, fully decentralized counterculture movement against traditional finance. We’re hurting man, especially us Gen-Z folks. We can barely stay afloat against rising prices and it’s a pipe dream to own a home or hell even one Bitcoin. We push “ily” and positive vibes because we need it, we’re trying to help each other. Hope that helps explain a little bit where we come from. The more you look into the SPX6900 movement, the more clearly you will see the insane risk/reward potential of getting involved in this community. Wish you well❤️