Murad’s Portfolio Falls Over 80% as SPX Slides to $0.36

Murad Mahmudov’s crypto portfolio dropped by more than 80% in January, sliding from a peak of $67 million to around $11.5 million, according to Arkham. The plunge coincides with heavy losses across meme coins in his holdings. SPX6900 (SPX) remains his largest holding, valued at over $11 million.

Arkham data shows he holds about 30 million SPX tokens, roughly 3.2% of the circulating supply. SPX has fallen more than 84% from its peak and is trading near $0.36 — its lowest level since March 2025. Data from CoinGecko shows nearly all the meme coins in Murad’s portfolio have lost between 75% and over 90%, with a lack of recovery in the altcoin market and heavy capital outflows cited as key factors.

Nansen data indicates SPX balances on exchanges rose steadily throughout January to exceed 200 million tokens, accounting for more than 21% of the circulating supply. That trend is noted as a potential warning sign of increased selling pressure. Murad has not sold any SPX tokens and in his latest post remained bullish, describing SPX6900 as a "life-changing vehicle that will transform people’s lives." His patient buy-and-hold strategy has inspired many meme-coin investors, but recent market moves have highlighted growing uncertainty.

If SPX continues to fall further, Murad’s portfolio could suffer deeper losses, and rising exchange balances could worsen declines.

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