TLDR

  • Murad Mahmudov incurred a loss of $58 million as his meme coin portfolio plummeted by 86% over the past six months.
  • The meme coin crash exacerbated the ongoing slump in the cryptocurrency market, impacting speculative assets.
  • Mahmudov’s largest meme coin holding, SPX6900, saw an 80% decrease from its all-time high.
  • Other meme coins in Mahmudov’s portfolio dropped by between 75% and 90%, magnifying the overall damage.
  • The crash underscores the risks of concentrating investments in highly volatile assets like meme coins.

January 2026 presented another striking moment for the cryptocurrency market as dipped to around the $82,000 mark. The wave of liquidations exceeded $1.7 billion, and investor sentiment was dealt a blow. This sharp decline also underscored the vulnerability of meme coins, with Murad Mahmudov, a well-known figure in the crypto sphere, experiencing a significant loss in his portfolio.

Murad Mahmudov’s Portfolio Suffers Massive Losses

Murad Mahmudov, a within the meme coin domain, witnessed a sharp decrease in his holdings. His portfolio, which reached an all-time high of $67 million in July 2025, is currently valued at approximately $9.1 million. This equates to an 86% loss, totaling roughly $58 million over the past six months.

The decline has been rapid and severe, primarily because of Mahmudov’s focus on meme-based tokens. These tokens, renowned for their speculative character, have undergone some of the most dramatic drops in recent months. The crash underscores the risks linked to concentrating investments in such volatile assets.

Meme Coin Crash Intensifies Market Stress

The meme coin crash has escalated the stress in an already delicate market. Since late 2024, the broader cryptocurrency market has seen declines, and the meme coin sector was hit hard. The portfolio’s largest holding, SPX6900, saw an 80% drop from its peak value.

Other meme coins in Mahmudov’s portfolio also endured substantial declines, with losses ranging from 75% to 90%. These steep drops mirror the speculative nature of these assets, which are frequently propelled by social media trends and hype cycles. When momentum shifts, selling pressure surges rapidly, hastening the losses.

Several factors contributed to the downfall of Mahmudov’s portfolio. The general market downturn has made speculative assets, such as, particularly vulnerable. Once market sentiment turns negative, assets with weak fundamentals, like meme coins, become prime candidates for liquidation.

Leverage played a part in intensifying the crash. Traders utilizing borrowed capital in the meme coin market faced forced liquidations as prices plummeted sharply. This triggered a cascading effect, worsening the downturn and pushing prices even lower.