Murad Mahmudov Suffers $58 Million Loss in Meme Coin Market Crash
TLDR
- Murad Mahmudov lost $58 million as his meme coin portfolio dropped by 86% over the past six months.
- The meme coin crash exacerbated the ongoing downturn in the cryptocurrency market, affecting speculative assets.
- Mahmudov’s largest meme coin position, SPX6900, saw an 80% decline from its all-time high.
- Other meme coins in Mahmudov’s portfolio fell between 75% and 90%, amplifying the overall damage.
- The crash highlights the risks of concentrating investments in highly volatile assets like meme coins.
January 2026 marked another jarring moment for the cryptocurrency market as Bitcoin dropped near the $82,000 level. The wave of liquidations exceeded $1.7 billion, and investor sentiment took a hit. This sharp downturn also highlighted the vulnerability of meme coins, with Murad Mahmudov, a known figure in the crypto community, facing a substantial loss in his portfolio.
Murad Mahmudov’s Portfolio Faces Massive Losses
Murad Mahmudov, a prominent figure in the meme coin space, saw a sharp decline in his holdings. His portfolio, which peaked at $67 million in July 2025, is now worth around $9.1 million. This represents an 86% loss, amounting to roughly $58 million in total losses over the past six months.
The decline has been swift and severe, largely due to Mahmudov’s focus on meme-based tokens. These tokens, known for their speculative nature, have seen some of the most dramatic declines in recent months. The crash highlights the risks associated with concentrating investments in such volatile assets.
Meme Coin Crash Amplifies Market Stress
The meme coin crash has amplified the stress in an already fragile market. With the broader cryptocurrency market seeing declines since late 2024, the meme coin sector suffered heavily. The portfolio’s largest position, SPX6900, experienced an 80% drop from its peak value.
Other meme coins in Mahmudov’s portfolio also faced significant declines, with losses between 75% and 90%. These steep declines reflect the speculative nature of these assets, which are often driven by social media trends and hype cycles. When the momentum shifts, selling pressure increases rapidly, accelerating the losses.
Several factors contributed to the collapse of Mahmudov’s portfolio. The general market downturn has made speculative assets, like meme coins, especially vulnerable. Once the market sentiment turns negative, assets with weak fundamentals, such as meme coins, become prime targets for liquidation.
Leverage played a role in amplifying the crash. Traders using borrowed capital in the meme coin market faced forced liquidations as prices fell sharply. This created a cascading effect, exacerbating the downturn and pushing prices even lower.
The post Murad Mahmudov Suffers $58 Million Loss in Meme Coin Market Crash appeared first on CoinCentral.
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