'Memecoin Messiah' Lost $60M Trading Mostly SPX6900: He's Still Not Selling
Cointelegraph
Crypto trader Murad Mahmudov has seen his portfolio drop by $60 million but refuses to sell his massive SPX6900 holdings.Summary
Murad Mahmudov, known as the "Memecoin messiah," has experienced an unrealized loss of nearly $60 million over the past nine months as his portfolio, dominated by the memecoin SPX6900, corrected significantly. Despite the decline, Mahmudov maintains a bullish outlook, claiming SPX6900 will eventually reach a $1 trillion market capitalization. Data from Arkham Intelligence and DropsTab indicate that he has not sold his positions, even as technical analysis suggests further potential downside for the asset.
(Source：Cointelegraph)