Meme coin analyst's portfolio value drops over 80% from peak

The value of crypto assets held by Murad Mahmudov, an analyst known for his focus on meme coins, has plummeted by more than 80% from its peak amid the recent market downturn, according to a report from BeInCrypto. Mahmudov's total portfolio value has fallen from a high of $67 million last year to approximately $11.5 million. His primary meme coin holdings have seen declines ranging from 75% to 90% from their all-time highs, with his largest position, SPX6900 (SPX), down over 80%. Despite the significant drop in his portfolio's value, Mahmudov has reportedly maintained an optimistic outlook.