Revisiting the speaker Murad, the proponent of the Meme coin super cycle, at the TOKEN2049 conference in Singapore in September 2024. Currently, Murad's portfolio has plummeted nearly 86%, with a loss of $58 million over six months. In July 2025, Murad's portfolio reached an all-time high of $67 million, but is now valued at only $9.1 million.

The core arguments at that time:

1. Retail awakening; retail investors are no longer willing to take on overvalued institutional coins (VC Coins) and are instead pursuing more equitable and community-oriented Memes.

2. Overproduction; traditional altcoins are overproduced and lack practicality, while Memes offer a pure speculation and sense of community belonging.

3. Long-term holding; he advocates for holding core Meme coins long-term, akin to how one treats Bitcoin, rather than engaging in short-term speculation.