Murad's Meme Coin Portfolio Plummets: Loses Up to $58 Million in 6 Months

Bittime – The crypto world was shaken again at the start of 2026. This time the news centers on Murad Mahmudov, a widely known supporter and investor in meme coins.

Murad’s meme coin portfolio reportedly plunged sharply—almost 86% over the past six months—resulting in losses of about $58 million.

In July 2025, Murad’s portfolio reached an all-time high (ATH) of roughly $67 million. By January 2026, its value had dropped drastically to around $9–11 million.

This collapse has sparked major debate in the crypto community about the sustainability of meme coins and the risks of long-term investment strategies in this sector.

Key Takeaways

• Murad Mahmudov’s meme coin portfolio fell nearly 86% from its peak.
• Losses reached about $58 million, driven by the crash of SPX6900 and weakness across the altcoin market.
• This case is a serious warning about the risks of a buy-and-hold strategy for meme coins.

Snapshot of Murad’s Meme Coin Portfolio

Murad Mahmudov is known as a public crypto figure who openly supports meme coins, particularly SPX6900 (SPX).

According to on-chain data from Arkham, most of his portfolio consists of various meme coins that surged during the 2024–2025 hype market.

However, as the altcoin market weakened, almost all assets in his portfolio experienced extreme corrections.

CoinGecko data shows that most of Murad’s selected meme coins fell between 75% and over 90% from their peak prices.

Read Also: SPX6900 Price Prediction (SPX): Murad’s Favorite Meme Coin — 10X Potential?

SPX6900 as the Main Driver of the Collapse

SPX6900 (SPX) was the largest holding in Murad’s portfolio. He reportedly held about 30 million SPX tokens, equal to approximately 3.2% of the circulating supply.

At its peak, SPX traded above $2.20, but it has since fallen to around $0.36 — the lowest level since March 2025.

Notably, Murad did not take any profit when SPX was at its peak. Even after the token dropped more than 84%, he kept his entire position and described SPX as a “life-changing vehicle.”

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Selling Pressure and On-Chain Data Signal Danger

In addition to market weakness, selling pressure has become increasingly evident. Nansen data shows SPX balances on exchanges rose throughout January 2026. Currently, more than 200 million SPX tokens are on exchanges, equivalent to 21% of the circulating supply.

An increase in exchange balances is often regarded as a signal of potential large-scale selling.

If this trend continues, SPX’s value and Murad’s portfolio risk deeper declines.

Read Also: Murad Mahmudov: The Real Crypto Bull Run Hasn’t Started

Analysis: Is Buy-and-Hold for Meme Coins Still Relevant?

Murad’s case raises a major question: is the buy-and-hold strategy still relevant for meme coins in 2026?

Unlike crypto assets with strong fundamentals, meme coins depend heavily on sentiment, community, and momentum. When hype fades and liquidity exits, prices can fall very quickly.

In an increasingly competitive market, many analysts argue that risk management and exit strategies are far more important than mere long-term conviction.

Read Also: Memecoin Tips from Murad Mahmudov — Which One Did You Buy?

Impact on the Meme Coin Market in 2026

Murad’s portfolio crash is not only a personal loss but also reflects the broader condition of the meme coin market.

Uncertainty around altcoin season, macro pressure, and capital rotation have reduced the speculative appeal of the meme coin sector.

For retail investors, this event is a stark reminder that large gains in meme coins always come with extreme risk.

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FAQ

What caused Murad’s meme coin portfolio to plunge?

The sharp decline was caused by a weakening altcoin market, extreme corrections among meme coins, and the collapse in the price of SPX6900, the largest asset in his portfolio.

How large are Murad Mahmudov’s losses?

Over the past six months, Murad suffered losses of about $58 million, with his portfolio down nearly 86% from its ATH.

Did Murad sell SPX when the price dropped?

No. To date, Murad has not sold his SPX holdings despite the token falling more than 80%.

What is the key lesson for investors from this crash?

Investors should understand that meme coins are extremely risky, and strategies without proper risk management can lead to substantial losses.

Are meme coins still worth investing in in 2026?

Meme coins can still yield gains, but they are purely speculative and require strict strategies, not just buy-and-hold.