Murad Mahmudov’s purse holds $ 70m in Memecoins, led by the $ 66m SPX that gained
Crypto investor Murad Mahmudov sits ten -ten million dollars in unstoppable income from Memecoins, according to Blockchain data, increasing fuel to the ongoing debate about its “Memecoin Supercycle” Thesis.
Data from Onchain Data Aggregator Dropstab Shut up Mahmudov holds more than $ 70 million in Memecoins, with only $ 1.86 million in capital invested. Putting his total unable to realize that at about $ 68.3 million.
Data shows his biggest winner is a memecoin called SPX6900 (SPX), which advanced more than 10,500% in the last year. His entry price to the SPX is $ 0.01036, but the token is now trading for $ 2.24. Based on the data, his income from SPX only exceeds $ 66 million.
Auxiliary aids (Apu) is the worst performance memecoin in Mahmudov’s handles. Since Memecoin refused 53%, its investment dropped by more than $ 86,000.
With Mahmudov holding ten -ten million in SPX, the sale of tokens can affect the price.
As a supporter of the token voice, Mahmudov’s off-off can signal to investors that the “supercycle” can reach its climax, motivating a seller.
The memecoin supercycle thesis
Mahmudov is the investor in crypto behind the Thesis of the memecoin supercycle. In his presentation at Token2049 Singapore 2024, he said the crypto space enters a unique period in which meme -driven tokens emit traditional digital assets such as Bitcoin (Btc) and ether (Eth) by extensive margins.
Mahmudov presented the Memecoin Supercycle as a new phase of the market driven by culture, community identity and well -being, rather than technology or foundation.
He said the memecoins operated less like conventional financial assets and more like digital cults or communities combined with humor and belief.
The meme -based trader promotion is attracting criticism from blockchain investigator Zachxbt. In 2024, ZachXBT announced Mahmudov’s purses so the community could monitor his trading activities.
The Crypto Sleuth accused Mahmudov of making a hard memecoin prediction “while controlling the supply.”
Zachxbt pointed out the alleged purchase of a min coin purse on July 16, which made an hour before a post about taking 1% of the supply.
Cointelegraph handed Mahmudov to X but did not get an immediate response.
Related: Memecoin market cap grows 29% in July
Memecoin Market poured 54% in July
The memecoin sector is Surged At a high $ 85 billion on Wednesday, up to 54% compared to its appreciation of $ 55 billion on June 30. At the time of writing, the market was corrected at $ 78 billion, still 41% compared to its closure of appreciation in June.
The recent Memecoin Market Surge attracts various sentiments from community members. The Neiro Community Lead S called Memecoins Crypto is “most attractive -segment.”
At the same time, Xion CEO Anthony Anzalone said the advance of the asset class means Capital is nothing better to go.
Solana co-founder Anatoly Yakovenko recently attracted criticism from the Solana Memecoin community for his comments on meme-based tokens. Yakovenko Spark a controversy on Sunday After describing the memecoins and NFT as the “digital slop.”
https://www.youtube.com/watch?v=GPWMOGCVLC
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