Meme Coin KOL Murad, holding for the past 9 months, is nearly $60 million in unrealized losses but has not sold, indicating continued faith in a rebound

**April 2 — According to Cointelegraph, popular meme coin influencer Murad has racked up nearly $60 million in unrealized losses trading meme coins over the past nine months. He remains optimistic about a rebound and hasn’t stopped out, however. Murad currently holds ~29.964 million SPX6900 (SPX) tokens, valued at ~$7.79 million — accounting for 96% of his total tracked investment portfolio (~$8.1 million). His portfolio peaked at ~$67 million in July 2023. As the meme coin sector has dropped more than 80% from its highs since then, his unrealized losses have grown to ~$60 million. Data shows no substantial sell-offs of his SPX6900 holdings or other major positions, with realized profit and loss (P&L) sitting at $0. On Wednesday, Murad tweeted that SPX6900’s market cap will surge from its current ~$250 million to $1 trillion — a nearly 400,000% jump. He noted Bitcoin is the only cryptocurrency with a market cap exceeding $1 trillion. Technically, SPX6900 has broken down from an ascending wedge on its 3-day chart, falling below the pattern’s lower support of ~$0.26. It’s also trading below the 20, 50, and 100-period exponential moving averages (EMAs), signaling weak momentum. If the downtrend is confirmed, the pattern’s measured target points to ~$0.205 — a ~20% drop from current lows. That would add ~$1.56 million in losses to Murad’s meme coin portfolio.**