In the ever-evolving world of cryptocurrency, a recent post by trader MoonOverlord on X (formerly Twitter) has sparked discussions about how crypto is starting to behave more like traditional stocks. The main tweet, posted on September 17, 2025, reads: "crypto is turning into stocks, BTC grinds around like SPX does handful of isolated coins are going to do well that print revenue and most other stuff is going to do nothing."

For those new to the lingo, BTC stands for Bitcoin, the original cryptocurrency, while SPX refers to the S&P 500 index, a benchmark for U.S. stock market performance. MoonOverlord is pointing out that Bitcoin's price movements are becoming slower and more stable, similar to how major stock indices fluctuate gradually rather than the wild swings crypto was once known for.

This observation ties into a broader trend where only a select few coins—those that generate actual revenue—are poised for success. In crypto terms, "printing revenue" means projects that have sustainable income streams, perhaps through transaction fees, staking rewards, or real-world applications. The rest? They're likely to languish in obscurity, much like underperforming stocks.

The post quickly gathered traction, with over 15,000 views and numerous replies echoing or expanding on the idea. One reply from user Guy (@Credib1eGuy) emphasized the importance of buybacks in crypto, comparing them to how big tech companies like Apple pour money back into their stocks to boost value. "Buybacks are extremely significant for any asset, cash flow matters only things like BTC and gold can get away without it," Guy noted, sharing an image that humorously captures the hype around certain tokens.

MoonOverlord agreed, highlighting how established companies have been using buybacks for years to support their stock prices. This mechanic is increasingly relevant in crypto, where projects like those on platforms such as Pump.fun or tokens with built-in tokenomics (the economic models governing a coin's supply and demand) are experimenting with similar strategies.

Another reply from Kai Hayes (@KaiHayeseth) spotlighted $PHNIX, a token that's "printing" gains amid green market waves, suggesting a parabolic run ahead. Accompanied by a chart image, it shows how some coins are bucking the trend by delivering real momentum.

User Gilox (@Gilox44) summed it up practically: "K so own PUMP, HYPE and maybe ENA if they start buybacks/turn on the switch." Here, PUMP and HYPE likely refer to meme tokens or projects gaining buzz, while ENA might point to Ethena, a protocol known for its USDe stablecoin and potential revenue mechanisms. MoonOverlord responded affirmatively, noting he's chain-agnostic—meaning he doesn't favor one blockchain over another—and is open to any coin with solid revenue and tokenomics, though such gems are rare, about 1 in 1,000.

This thread resonates deeply in the meme token space, where many projects rely on hype rather than revenue. At Meme Insider, we've seen how tokens like Dogecoin or Shiba Inu exploded on community fervor, but sustainability often hinges on evolving beyond memes. MoonOverlord's view suggests that as crypto matures, meme coins might need to incorporate revenue models—think decentralized apps, NFT integrations, or yield farming—to avoid fading away.

Other replies added flavor: PSX (@PSXonBase) contrasted SPX's "sleep paralysis" stability with the "trench run" excitement of their $PSX token, complete with a video clip.

Interestingly, the discussion touches on a shift from crypto's rebellious roots. User Naka (@Nakameowdough) lamented how Bitcoin OGs (original gangsters, or early adopters) once aimed to change the world but now seem content selling to traditional finance (TradFi). It's a reminder that while crypto is "turning into stocks," it still carries the potential for disruption—if projects focus on real value.

For blockchain practitioners, this signals a call to action: Dive into tokens with proven revenue streams. Tools like Dune Analytics or Token Terminal can help analyze on-chain data for revenue metrics. As the market grinds on, positioning in these "isolated coins" could be key to navigating the next phase.

What do you think? Is crypto losing its wild side, or is this maturation a good thing? Share your takes in the comments below, and stay tuned to Meme Insider for more insights on meme tokens and blockchain trends.