Murad Mahmudov — a well-known investor and promoter of the “meme coin supercycle” theory — may soon return to the spotlight. His portfolio is now less than 8% away from its previous all-time high (ATH).
As of July 2025, the crypto market is heating up. Investors are showing renewed optimism, and meme coins are recovering strongly. Murad’s portfolio is now facing a major opportunity.
Murad Has Nearly Recovered His Year-to-Date Losses
Data from Arkham shows that Murad’s portfolio has surpassed $52 million. It’s just $4 million short of its ATH from earlier this year.
This gap may soon be erased. As market sentiment shifts toward extreme greed this July, the portfolio’s value could rise further.
Most of the meme coins in Murad’s portfolio have gained between 10% and 25%.
At its lowest point in 2025, his portfolio had dropped by over 80%, falling below $10 million. However, Murad’s strategy of holding through the downturn — while maintaining belief in the meme coin supercycle — is now paying off. His portfolio has recovered most of its earlier losses.
Why Murad’s Portfolio Could Set a New High
There are two reasons to believe Murad’s portfolio could soon reach a new peak.
First, the broader market recovery boosts the total meme coin market cap. According to CoinMarketCap, meme coin capitalization has climbed to nearly $66 billion — up almost 30% since the start of the month.
This recovery has fueled the “Murad Pick” portfolio to outperform other market segments over the past 7 days.
The second reason is the upside potential of the SPX6900 (SPX) token. SPX accounts for $50 million in Murad’s portfolio — more than 96% of its total value. As a result, the overall portfolio performance is closely tied to SPX price movements.
SPX’s price outlook appears bullish. On X, a user named Cold, pointed out that SPX6900 has formed a classic cup-and-handle pattern, which signals a potential breakout.
“That’s one big cup & handle, feeling underexposed,” Cold wrote.
Several other analysts agree that SPX could be one of Ethereum’s breakout meme coins in the second half 2025.
While the market waits to see whether Murad’s portfolio will hit a new ATH, playful memes like “SPX6900 > SPX500” are spreading.
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