‘Memecoin messiah’ lost $60M trading mostly SPX6900: He’s still not selling

Trader Murad Mahmudov may lose another $1.56 million if its top bet, SPX6900, drops another 20% in the coming weeks.

Murad Mahmudov, a crypto trader also known as the “Memecoin messiah,” has lost nearly $60 million across his bets in the past nine months. Still, he expects a bullish reversal.

Key takeaways:

Mahmudov thinks SPX6900, which is 96% of his memecoin portfolio, will rise 400,000%.

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