Murad Mahmudov has (as soon as once more) garnered main consideration in latest weeks, establishing himself as one of many main crypto analysts—analogous to Keith Gill, also referred to as “Roaring Kitty,” within the inventory market. Mahmudov has reportedly reworked an preliminary funding of simply $2 right into a fortune exceeding $100 million over the previous 5 years. This astounding feat was detailed by Pix (@PixOnChain), an advisor to Mintify and researcher at Jirasan, and additional analyzed by crypto analyst Rekt Fencer (@rektfencer) on X.
That is Murad
In 2020, he went bankrupt in the course of the COVID crash
Now, he’s a memecoin whale, making MILLIONS every single day
Right here’s how he did it — and what he thinks is coming subsequent 👇🧵 pic.twitter.com/jqv0pS2PT1
— Rekt Fencer (@rektfencer) October 8, 2024
From Bitcoin To Crypto To Memecoins
Murad Mahmudov’s entry into the world of cryptocurrency started in 2013 whereas he was an alternate pupil in China. Surrounded by forward-thinking friends deeply invested in Bitcoin, he developed an early curiosity in digital property. After a interval working with monetary giants Goldman Sachs and Glencore, Mahmudov returned to the crypto sphere in 2016, totally embracing the position of a Bitcoin maximalist.
In 2018, he made headlines with a daring prediction: Bitcoin would attain $10 million per coin. This assertion was thought-about audacious even amongst staunch Bitcoin advocates. Regardless of his Bitcoin-centric philosophy, Mahmudov was quietly accumulating altcoins, together with Ethereum at $150.
Associated Studying
Capitalizing on his market insights, Mahmudov co-founded Adaptive Capital in 2019 alongside a number of colleagues. The fund initially outperformed expectations, leveraging a system that appeared to constantly beat the market. Nevertheless, the unexpected world COVID-19 pandemic in 2020 dramatically shifted the financial panorama.
With vital lengthy positions in Bitcoin, Adaptive Capital confronted catastrophic losses as exchanges skilled outages throughout important buying and selling intervals. The fund in the end closed, returning the remaining capital to traders after sustaining a 55% loss.
This pivotal second prompted Mahmudov to reassess his funding methods. Taking a hiatus from energetic buying and selling, he re-emerged in June 2022 with a renewed perspective on the crypto market.
The Memecoin Supercycle
Recognizing rising traits, Mahmudov shifted his focus to memecoins. He launched the idea of the “Memecoin Supercycle,” positing that these tokens signify the following vital progress alternative within the crypto market.
Associated Studying
In a viral put up on September 12, Mahmudov unveiled his high ten high-conviction memecoin investments, full with bold long-term market capitalization targets. Amongst them had been tokens like SPX6900 SSPX on Ethereum, which he believes might attain a $100 billion market cap, asserting it because the “primary motion coin on this planet” with a mission to “flip the inventory market.”
His predictions had been met with skepticism, with some labeling him as overly optimistic. Nevertheless, his conviction stays unshaken. “I’ve spent the final 10 weeks locked in my room doing nothing however learning Memecoins, silently hanging out of their groupchats, merely observing and learning their lore to develop conviction on my Prime 10 long-term Memecoin performs. I shall be sharing all 10 over the following 10 days,” he writes.
Mahmudov’s insights gained vital traction following his latest presentation at Token2049. In response to Mechanism Capital’s Andrew Kang his speak at Token2049 “catalyzed the following wave of capital reallocation into memecoins.”
Crypto analyst Miles Deutscher summarized the important thing factors of Mahmudov’s speech, noting the distinctive efficiency of memecoins within the present market cycle. Mahmudov emphasised that “property will not transfer up in unison,” highlighting the distinct outperformance of memecoins in comparison with conventional altcoins.
Murad’s latest speech at TOKEN2049 has ignited a memecoin frenzy.
It should change your ENTIRE outlook on crypto (and will web you big positive factors).
Should you haven’t watched it but, you NEED to learn this thread.
🧵: Breaking down @MustStopMurad‘s memecoin idea.👇
— Miles Deutscher (@milesdeutscher) October 8, 2024
He argued that memecoins fulfill retail traders’ wishes for neighborhood, id, and pleasure—components typically lacking from utility-focused altcoins. “Memecoins as a superior model of altcoins,” Mahmudov asserted. “Memecoins are outpacing altcoins by delivering what retail truly craves: neighborhood, id, and pleasure, not simply potential positive factors. It’s not simply hypothesis, it’s tradition, Deutscher defined.
At press time, main Solana based mostly memecoin WIF traded at $2.52, up 75% within the final three weeks.
Featured picture created with DALL.E, chart from TradingView.com
