Murad’s Portfolio Value Drops Over 80% as SPX Hits a New Low
Murad Mahmudov, a well-known investor and supporter of meme cash, is going through a huge decline in his portfolio worth in January. At the identical time, expectations for an altcoin season and a meme coin season stay extremely unsure.
In addition, SPX6900 (SPX), the meme token that makes up the biggest portion of his holdings, can also be below potential promoting strain. This might additional threaten the worth of his portfolio.
Most Meme Coins in Murad’s Portfolio Have Dropped Between 75% and over 90%
Data from Arkham, an on-chain analytics and monitoring platform, reveals that Murad’s complete portfolio worth has fallen by greater than 80% from final 12 months’s peak of $67 million.
The portfolio is now value round $11.5 million. This degree is near final 12 months’s backside. It implies that practically all income gained over the previous 12 months have been worn out.
The major purpose comes from the lack of recovery in the altcoin market. Most meme cash have additionally suffered heavy capital outflows.
According to CoinGecko, practically all of the meme cash in Murad’s portfolio have recorded sharp losses of 75% to 90% or extra.
SPX is the biggest meme coin in Murad’s portfolio, with a present worth of over $11 million. Data reveals that he holds round 30 million SPX tokens, representing roughly 3.2% of the circulating provide.
SPX surged strongly final 12 months and reached a peak above $2.2. However, Murad did not take profits during that rally. Even now, regardless of SPX dropping greater than 84% from its peak, he has not bought a single token.
In his newest publish, Murad stays optimistic about SPX’s future. He described the meme token as a “life-changing car that may remodel individuals’s lives.”
Murad’s affected person technique has impressed many meme coin buyers. However, latest studies suggest that a easy buy-and-hold method might now not be as efficient in an more and more aggressive crypto market.
In addition, Nansen information reveals that SPX balances on exchanges have steadily elevated all through January. They have now exceeded 200 million tokens, accounting for greater than 21% of the circulating provide. This development serves as a warning signal of potential promoting strain.
At the time of writing, SPX is buying and selling round $0.36, its lowest degree since March 2025. If SPX continues to fall additional, Murad’s portfolio might expertise even deeper losses.
The success or failure of Murad’s technique is just not solely important for him personally, but additionally a check of the philosophy behind the survival and profitability of meme cash.
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