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Influencer who coined ‘memecoin supercycle’ sits on $68M profit, data suggests

cryptoweekly by cryptoweekly
July 28, 2025
in bitcoin, News
0

Murad Mahmudov-labelled wallets from data aggregator DropsTab suggest that the influencer sits on $68 million in memecoin profit.

Murad Mahmudov, a prominent voice behind the “memecoin supercycle” thesis, is sitting on millions in unrealized profits. 

Onchain data aggregator DropsTab shows that Mahmudov holds over $70 million in memecoins. The data suggests that he only invested around $1.86 million, which means his unrealized profit is about $68.29 million. 

The data shows his biggest winner is a memecoin called SPX6900 (SPX), which surged over 10,500% in the past year. His entry price on SPX was $0.01036, but the token now trades at $2.24. This brings Mahmudov’s profit to $66 million, according to DropsTab. 

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  • PayPal launches crypto checkout tool, adds support for over 100 tokens
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