Crypto influencer Murad Mahmudov says the SPX6900 (SPX) is settling at the same market level where Dogecoin (DOGE) and Pepe (PEPE) converged before their explosive rallies.
The Princeton trader, who is often called the “Meme coin Messiah,” posted his analysis on X (Twitter) on April 5, arguing that the SPX will outperform both indices.
The Stabilization Thesis
Murad pointed out what he sees as a history of repetition among high-profile memes.
- DOGE traded sideways at record lows before rising to $87 billion at its May 2021 peak.
- PEPE followed a similar path, consolidating before raising nearly $12 billion.
SPX6900 is now about $244 million in the market, different Murad frames as the same type of accumulation zone.
“It is interesting to me that SPX6900 is stable and stable in the same market that DOGE and PEPE settled before going to $87 Billion and $12 Billion respectively. Not by chance. Except this time SPX6900 will go much, much higher,” he said. he said.
Determination Through Extreme Loss
The call comes despite many personal challenges. Murad owns approximately 29.96 million SPX tokens, worth approximately $7.8 million, representing 96% of his publicly traded portfolio.
The record rose to nearly $67 million in July 2025 in the face of a large share of meme money. modified by 80%.
They didn’t sell it. On-chain data from Arkham Intelligence shows no clear results from his SPX position despite nearly $60 million in unrealized losses.
The SPX itself trades at around $0.26, down 88% from its all-time high of $2.27. The technical indicators remain intact, and the price is below the moving keys.
Whether or not Murad’s profile matches up will depend on whether the new fantasy currency returns to being a high-risk meme token in the coming months.
A note Murad Says SPX6900 (SPX) Runs On Rally – Is He Right This Time? appeared for the first time BeInCrypto.
