A coordinated smart money retreat from SPX (SPX) has intensified, with sophisticated wallets offloading $51,780 worth of tokens in the past 24 hours alone. The selloff represents the latest chapter in a month-long exodus that has drained over $217,000 from smart money positions in the Ethereum-based memecoin.

Five distinct smart money addresses participated in yesterday's dump, suggesting institutional-level coordination rather than retail panic. The sustained selling pressure over the past 30 days indicates these aren't temporary profit-taking moves but a fundamental shift in sentiment toward the 887-day-old token.

Despite maintaining a substantial $456 million market capitalization, SPX appears to have lost favor among the sophisticated trading cohort that often signals broader market direction. The token's classification in the 'Memecoins' sector puts it at the mercy of sentiment-driven trading, making the smart money departure particularly ominous for retail holders.

The weekly outflow data shows acceleration in the selling trend, with $165,492 exiting smart money wallets over seven days compared to the $51,780 daily figure, suggesting the selling pressure may be building rather than subsiding.