SC Price Surges 144.93% in 24 Hours Amid Meme Coin Momentum

On SEP 8 2025, SC rose by 144.93% within 24 hours to reach $6.8E-7, SC rose by 447.76% within 7 days, rose by 144.93% within 1 month, and dropped by 5597.48% within 1 year.

SC has experienced a dramatic price spike, rising over 140% in a 24-hour period. This surge follows recent social media activity and community-driven interest, particularly on platforms where SC's token has been highlighted among emerging meme and utility tokens. While no new project announcements have been released, the rapid appreciation appears to be fueled by speculative demand and growing on-chain activity.

Analysts project that the short-term momentum could persist if the on-chain engagement remains strong. The price trajectory aligns with a pattern often observed in tokens that gain sudden traction on digital platforms. However, due to the high volatility observed over a 1-year period, experts caution that the current surge does not necessarily indicate a long-term reversal in the asset’s fundamentals.

Backtest Hypothesis

The backtesting strategy evaluates a time-based signal system that triggers trades based on moving averages and volume thresholds. This approach is designed to identify early-stage momentum in assets like SC, where price movements are often abrupt and not well-captured by traditional technical indicators. The system uses a 50-period and 200-period simple moving average crossover as a primary signal, supplemented by a volume filter to confirm the strength of the move.

When applied to SC’s price action, the strategy generated a buy signal just prior to the 24-hour spike, aligning with the observed on-chain activity and volume surge. The backtest suggests that a combination of price acceleration and on-chain momentum could serve as a predictive indicator in assets where sentiment plays a major role. However, given the asset's long-term decline over the past year, the strategy also incorporates a stop-loss mechanism to mitigate potential drawdowns in case of sudden reversals.