Murad Says SPX6900 (SPX) Is Primed for a Rally — Is He Right This Time?
Crypto influencer Murad Mahmudov claims SPX6900 (SPX) is stabilizing on the identical market cap stage the place Dogecoin (DOGE) and Pepe (PEPE) consolidated earlier than their explosive rallies.
The Princeton-educated dealer, usually referred to as the “Meme coin Messiah,” posted his evaluation on X (Twitter) on April 5, arguing SPX will surpass each tokens.
The Stabilization Thesis
Murad pointed to what he sees as a repeating historic sample amongst prime meme cash.
- DOGE traded sideways at a comparatively low valuation earlier than surging to roughly $87 billion at its May 2021 peak.
- PEPE adopted a comparable trajectory, consolidating earlier than climbing to roughly $12 billion.
SPX6900 now sits at round $244 million in market cap, a vary Murad frames as the identical sort of accumulation zone.
“It’s fascinating to me that SPX6900 is stabilizing and flattening on the identical market cap that DOGE and PEPE have stabilized earlier than they proceeded to go to $87 Billion and $12 Billion respectively. Not a coincidence. Except this time SPX6900 will go a lot, a lot increased,” he stated.
Conviction Through Heavy Losses
The name comes regardless of important private drawdowns. Murad holds roughly 29.96 million SPX tokens, value roughly $7.8 million, which represents 96% of his publicly tracked portfolio.
That portfolio peaked close to $67 million in July 2025 earlier than the broader meme coin sector corrected by over 80%.
He has not bought. On-chain knowledge from Arkham Intelligence reveals no significant exits from his SPX place regardless of practically $60 million in unrealized losses.
SPX itself trades at roughly $0.26, down 88% from its all-time high of $2.27. Technical indicators stay bearish, with worth sitting under key transferring averages.
Whether Murad’s historic parallel holds will rely upon whether or not contemporary speculative capital rotates again into high-risk meme tokens within the months forward.
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