During a TOKEN2049 panel on October 7, memecoin investor Murad Mahmudov confirmed to moderator Ran Neuner that his paper gains had experienced an $81 million roundtrip. He said he was completely comfortable with the decline in value, expecting the wallets involved to eventually be worth billions. Murad said he planned to hold his positions for another six to eight years to lead by example and promote a holding culture within the memecoin community despite volatility. His statements do not establish that the wallets will reach such values or provide a timeline for recovery, and he later championed SPX6900, whose price was about $0.36 on October 22, roughly 84% below its all-time high.
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