Crypto Influencer Behind Memecoin Supercycle Sees $68M Gains
A prominent crypto influencer, known for coining the term memecoin supercycle, is reportedly sitting on more than $68 million in unrealized profits, largely driven by a single explosive investment. The influencer, Murad Mahmudov, has become one of the most talked-about figures in the memecoin space after his portfolio surged in value over the past year.
Most of his gains stem from a significant position in the memecoin SPX6900 (SPX), which has skyrocketed in price by more than 10,000% since he began accumulating the token. His average entry price was just over one cent, while the token now trades above $2.20. From an initial investment of around $1.86 million, his stake in SPX alone is now worth over $66 million.
His known crypto holdings have ballooned to a $68.3 million profit, placing him among the most successful public memecoin investors. However, not all his bets have paid off. His investment in another memecoin, Apu Apustaja (APU), has declined significantly, with losses of over 50% on that position. Still, the setback appears minor when compared to the massive windfall from SPX.
Mahmudov first introduced the concept of a memecoin supercycle in 2024, arguing that memecoins were entering a unique phase of sustained growth powered by internet culture, retail investor enthusiasm, and viral marketing. Unlike traditional crypto assets that rely on technological utility or adoption, memecoins thrive on community sentiment, memes, and speculative energy.
According to his theory, the current market is still in the early stages of what could become a trillion-dollar memecoin ecosystem. His thesis struck a chord with retail investors who have since flocked to high-risk, high-reward tokens in search of life-changing returns.
However, not everyone in the crypto community is celebrating Mahmudov’s success. He has faced criticism from some blockchain analysts and watchdogs, who accuse him of acquiring positions in low-cap tokens before promoting them publicly, a tactic that some view as manipulative. One particular case involves a coin he purchased before giving it significant public attention, leading to questions about transparency and ethical conduct. Mahmudov has not publicly addressed these accusations.
The memecoin sector itself has experienced explosive but volatile growth in 2025. At its peak, the total market capitalization for memecoins approached $85 billion before settling around $78 billion, still a substantial increase from earlier in the year. The space remains highly speculative, with wild price swings and frequent new launches.
While some industry leaders have dismissed memecoins as distractions or digital noise, others believe they offer unique opportunities to capitalize on emerging internet culture and crowd psychology. Regardless of one’s stance, Mahmudov’s $68 million gain proves that, in the world of memecoins, timing and narrative can be just as powerful as technology or utility.
As the memecoin trend continues, it remains to be seen whether this so-called supercycle will lead to a lasting shift in the crypto landscape or simply fade as another speculative chapter in digital asset history.
