From $1.8M to $68M: The Memecoin Miracle That Defied Traditional Finance
How one trader flipped crypto's joke assets into generational wealth—while Wall Street analysts seethed.
The 37x moonshot that broke every rule
When memecoins outpace blue-chip stocks by 3,600%, even the suits start paying attention. This playbook-defying rally didn't care about fundamentals, tokenomics, or any of that "serious investing" nonsense.
Degen alchemy at work
The secret sauce? Part diamond-handed conviction, part absurdist crypto humor—with a splash of reckless abandon. While hedge funds over-engineered their Web3 portfolios, this bet rode the dopamine cycle of viral hype to eight figures.
A middle finger to financial orthodoxy
The ultimate irony? These cartoonish tokens—created as parody—now boast market caps that dwarf legacy banks. Maybe the real utility was exposing institutional investing as glorified astrology all along.
In brief
- Mahmudov bet on SPX6900, with an estimated gain of over 66 million.
- He is accused of manipulating the market by promoting tokens after buying them.
- The memecoin market rose 54% in one month, before a slight correction.
A stroke of genius or a well-oiled poker move?
Murad Mahmudov didn’t get lucky by chance. His wallets now show, from an initial investment of only 1.86 million. Theexploded by, turning a bet of $0.01036 into $2.24. Just with this one, his gains are close to 66 million dollars.
The public data on DropsTab confirm it:, but it does not go unnoticed. Blockchain detective ZachXBT revealed 11 wallets belonging to him.
The criticisms? They are flying. The, just before talking about it publicly, sparked a debate on. Mahmudov did not respond, but doubt lingers. Hisalone could tip the market.
Memecoins: the distorting mirror of the crypto-cultural economy
At Token2049, Mahmudov defended his thesis of the. He presents memecoins not as classic assets, but as cultural phenomena. According to him, their power relies less on technology and more on community, virality, and shared humor. This positioning breaks with the usual financial logic and explains why these cryptos continue to attract despite their instability.
The market agrees with him, for now. In, the capitalization of memecoins jumped 54%, rising. Even after correction, it remains at 78 billion, which is a 41% annual increase.
But not everyone shares this enthusiasm. Anatoly Yakovenko, co-founder of Solana, caused an uproar by calling them. On the other hand, Anthony Anzalone, CEO of Xion, explains that:
Capital simply has no better destination than memecoins.
Influence, controversy and records: memecoins under all the spotlights
Besides amassing millions, Mahmudov embodies the. ZachXBT struck again: “Murad makes very bold predictions about low-cap memecoins in front of thousands and thousands of followers while controlling the supply. People deserve to be able to make more informed decisions about the coins they buy.“
This ego war reveals a sector where influence is worth gold. Tokens like APU or MIN, despite their volatility, become tools of pure speculation. And the market follows, like a domino game, at the slightest announcement.
- SPX6900 offered a growth of +10,500% in one year;
- APU dropped 53%, costing Mahmudov $86,000;
- The memecoin market reached $85 billion before falling back to $78 billion;
- Murad Mahmudov reportedly acquired 1% of MIN 1 hour before promoting it.
A few months ago, these cryptos seemed like relics. Today, the tide is turning. LetsBonk has just surpassed Pump.fun, with more than 19,600 tokens launched in a single day, twice as many as its rival. In daily revenues, LetsBonk shows 1.04 million dollars, against 533,000 dollars for Pump.fun. A new memecoin war is underway, and solana is the hot battleground.
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