A year has passed. How has Murad, the originator of the Meme Supercycle theory and once hailed as a Meme guru, performed with his Meme list?
As the screenshot shows, most of his holdings have fallen by over 80%, some even by 94%.
His paper wealth has also plummeted from nearly $70 million at its peak to around $18 million now.
His strategy was to hold diamonds long-term, but after all that, the only truly valuable holding is SPX6900, whose value is highly volatile and heavily influenced by Meme cycles.
Don't be fooled by his $18 million net worth; $17 million of that is in SPX, a coin with a total market capitalization of only $60 million. He simply can't sell it all. If he were to sell even a small amount, SPX would likely drop by 90%.
Therefore, his actual liquid assets that can be sold are probably only a few million.
Looking at his recent tweets, he's mostly been posting about $SPX, and hasn't mentioned supercycles in a long time. I wonder if his passion and trust in the track remain as strong as ever.
Having a net worth of $70 million and then receiving several million dollars in liquid funds, I wonder what you guys think?