Cryptocurrency investor Murad Mahmudov’s portfolio has surged to over $52 million, now sitting just 8% below its previous peak valuation. The rebound is largely attributed to the performance of meme coin SPX6900, which constitutes over 96% of his holdings.
SPX6900 currently exhibits a bullish cup-and-handle chart pattern, signaling potential for further price appreciation. Market analysts highlight this technical formation as a key indicator of upward momentum, coinciding with broader recovery trends in the digital asset space.
The meme coin sector has fueled portfolio gains significantly, with its total market capitalization surging nearly 30% this year. Accelerated investor interest and heightened social media activity around tokens like SPX6900 have driven this expansion.
Mahmudov’s concentrated investment approach centers on anticipating a prolonged ‘meme coin supercycle,’ a strategy that has demonstrated resilience during recent market volatility. The current recovery underscores his thesis about the durability of meme-driven crypto assets.