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Crypto trader Murad Mahmudov lost $60M on memecoin SPX6900 but expects a massive rebound.

Technical Signals
02 Apr 2026
Cointelegraph
View Source
Bearish
pluang ai news

Murad Mahmudov, known as the 'Memecoin messiah,' has lost nearly $60 million on his memecoin bets over nine months, with 96% of his portfolio in SPX6900. Despite technical signals suggesting a potential 20% further drop, Mahmudov predicts SPX6900's market cap will surge from $250 million to $1 trillion, a 400,000% increase. He has not sold any holdings, showing strong conviction amid a tough memecoin market. If SPX6900 falls 20%, he could lose another $1.56 million, but he remains bullish on a long-term recovery.

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