Due to the S&P 500 index falling to new lows, Murad's portfolio value has shrunk by more than 80%.

According to CoinWorld, the portfolio value of well-known meme coin investor Murad Mahmudov has plummeted by more than 80% from its peak of $67 million last year to about $11.5 million, almost wiping out all gains. This decline is mainly attributed to the overall downturn in the altcoin market, with most of the meme coins he holds—including his largest position, SPX6900 (SPX)—falling by more than 75% to 90%. Despite SPX dropping more than 84% from its peak and exchange balances rising—indicating selling pressure—Mahmudov remains optimistic, has not sold any tokens, and describes SPX as a “life-changing investment tool.” As SPX trades near $0.36 (its lowest level since March 2025), his steadfast investment strategy is facing a severe test.