Murad Mahmudov’s Portfolio Plummets 53% in Two Weeks Amid Market Turmoil
The portfolio of Murad Mahmudov in recent weeks has suffered as sharp a downturn as any in the cryptocurrency market. Once worth $61.4 million, his holdings now stand at $28.8 million. This marks a stratospheric 53.1% drop in just two weeks. Overnight, his portfolio lost $10 million, and over the previous few weeks, it has lost $25 million in overall valuation. https://twitter.com/giottus/status/1886389365720457550?t=P5snwHFm6TyAa71DlAa_Wg&s=19 This sharp decline brings up two crucial things we need to think about: Whether his memecoin-focused investment strategy is sustainable; and whether these assets—they're definitely not safe investments—can come back. A High-Stakes Bet on Memecoins Murad Mahmudov, a Princeton alum with a traditional finance background, has for some time been a respected name in the crypto community. He started out as a Bitcoin analyst—using his finance acumen to understand and explain the trends driving the cryptocurrency market. In […]
