Crypto influencer Murad Mahmudov claims SPX6900 (SPX) is ready for a rally — Is he right this time?

Murad suggests that SPX6900 $87 SPX$12 is currently stable at the same market capitalization level where Dogecoin $244 DOGEUSD$87 and Pepe $12 PEPEUSD$67 consolidated before their explosive rallies.

Stability Theory

Murad points to recurring historical patterns he observes among top meme coins.

DOGE moved sideways with relatively low valuation before surging to around US$60 m billion at its peak in May 2021.
PEPE followed a similar path, consolidating first before rising to the USm billion range.
Currently, SPX6900 is in the USmillion market cap range, which Murad considers a similar accumulation zone like the two previous tokens.

“I find it very interesting that SPX6900 is stable and flat at the same market cap levels where DOGE and PEPE once stabilized before moving to USBillion and USBillion. This is no coincidence. It’s just that this time, SPX6900 will go much higher,” he said in a post.

Confidence Through Major Losses

This statement comes despite a significant reduction in his portfolio. Murad holds about 29.96 million SPX tokens, worth approximately US$7.8 million, representing 96% of his publicly disclosed portfolio.

His portfolio peaked at around USmillion in July 2025 before the meme coin sector experienced a correction of over 80%.

He has not sold any tokens. On-chain data from Arkham Intelligence shows no large sales from his SPX holdings, although unrealized losses nearly reached USmillion.

The price of SPX is currently trading around US$0.26, down 88% from its all-time high of US$2.27. Technical indicators remain bearish as the price stays below key moving averages.

Whether the historical pattern Murad describes will actually repeat depends heavily on whether fresh speculative capital will flow back into high-risk meme coins in the coming months.