OKX Debuts SPX and MOG Memecoin
On July 17, 2025, OKX launched USDT-margined perpetual futures contracts for two trending tokens: SPX and MOG. These listings give crypto traders the option to speculate on price moves of memecoins with up to 50x leverage, available 24/7. If you’ve been watching the memecoin market explode and were looking for more advanced ways to trade them—this is your moment.
But let’s slow down and walk through what this actually means.
SPX: Betting on Stock-Inspired Meme Hype
SPX, also known as SPX6900, is a memecoin built on Ethereum, Solana, and Base. The project brands itself around the concept of “rising stock prices.” That’s its hook—and in the meme economy, the story often drives the price.
Here’s how SPX perpetual futures work on OKX:
Settlement: In USDT
Face Value: 1 SPX
Tick Size: 0.0001
Leverage: 0.01x up to 50x
Funding Rate: Capped between +1.5% and -1.5%, updated every 4 hours
Price Index: SPX/USDT
Trading Hours: 24/7
Website: spx6900.com
What this means is that every movement in SPX’s price is quoted in USDT, and traders can long or short the market using high leverage. That opens the door to quick profits—or fast liquidations—depending on your strategy and timing.
MOG: Meme Culture Meets Victory Energy
Next up is MOG, short for Mog Coin, a memecoin living on Ethereum and Base. It focuses on “the culture of victory.” If you’re plugged into meme culture, you know that’s a pretty wide umbrella—covering viral internet wins, humor, and online clout.
MOG’s futures contract comes with a few different specs:
Settlement: In USDT
Face Value: 1,000,000 MOG (yes, one million)
Tick Size: 0.0000000001
Leverage: 0.01x to 50x
Funding Rate: Same structure as SPX, clamped between ±1.5%
Price Index: MOG/USDT
Website: mogcoin.xyz
Twitter: @mogcoin
Because of the small tick size and huge face value, MOG contracts allow for ultra-fine price movement speculation—ideal for high-frequency traders or those riding short-term waves.
Why OKX Is Doing This Now
Let’s be real—this isn’t about utility. It’s about demand. Memecoins are volatile, headline-grabbing, and social-media-powered. They spike fast and crash faster. But that’s exactly why they’ve become so popular for futures trading.
By adding SPX and MOG perpetual futures, OKX is doubling down on what the market clearly wants: fast-moving, meme-driven, high-volatility assets with advanced tools.
It also helps that both contracts follow a standard structure OKX traders are used to—USDT margin, 4-hour funding rate updates, and a clean interface across web, app, and API.
What You Need to Know Before You Trade
Here’s where the rubber meets the road: high leverage on volatile assets is not beginner territory. A 50x position means a 2% price move in the wrong direction can wipe out your margin.
So if you’re going to trade SPX or MOG futures:
Understand how funding rates work
Use stop-losses religiously
Watch position sizes
Monitor price action constantly
And most importantly, don’t confuse meme hype with long-term value. These tokens thrive on attention, not fundamentals.
The Bottom Line
OKX is betting that memecoin trading is here to stay—and they’re giving traders more ways to participate. The SPX and MOG perpetual futures listings offer high-leverage access to some of the most talked-about assets in crypto. If you’re a risk-aware trader looking to ride volatility, these tools give you the precision to do it.
Just don’t mistake speed for safety. With great leverage comes great responsibility.
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