Memecoin investor Murad confirms $81 million paper-gains roundtrip
- —Murad answered "yes" when moderator Ran Neuner asked about the $81 million roundtrip
- —He said he plans to hold his memecoin positions for another six to eight years
- —Murad expects the wallets to eventually be worth billions of dollars
- —He called himself a "huge supporter" of SPX6900, which trades about 84% below its peak
Why it matters: The case highlights the risks of "diamond hands" memecoin strategies, where paper gains can evaporate without being realized.
Source: CryptoSlate