Altcoins● Neutral

Memecoin Investor Murad Says Lost $81M in Gains, Still Targets Billions

TradingGain Newsroom·6d ago·23 Oct 2026, 08:10 UTC

Memecoin investor Murad confirmed he gave back $81 million in gains, which the reports describe as a paper drawdown. He still says his wallets will eventually reach billions. The comments came up again at the TOKEN2049 exchange event.

Why it matters

Large holders giving back gains can signal weaker confidence in memecoins, which often move sharply.
Murad's public stance shows that some big investors still expect strong upside despite recent losses.
Reports describe the drawdown as on paper, so the impact on actual selling pressure is unclear.

What to watch next

Watch on-chain activity in large memecoin wallets for any real selling or buying that could shift prices.

This brief is written by TradingGain from public reporting by CryptoSlate.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.