The hype around meme coins has taken a major hit, and even their biggest supporters are feeling the pain. Murad, a well-known crypto trader who calls himself “Meme Coin Jesus,” has seen his portfolio drop by 82% in just two weeks. But it’s not just meme coins struggling—the entire crypto market, including Bitcoin (BTC), is going through a rough patch.
Murad’s Portfolio Takes a Huge Hit
Just weeks ago, Murad’s crypto holdings were worth $55 million. Now, according to Arkham Intelligence, his portfolio has shrunk to less than $10 million—a $45 million loss in record time.
Some crypto traders didn’t hold back their reactions. The Martini Guy, a popular analyst, joked:
“Imagine holding worthless coins, watching them crash to zero, and still refusing to sell.”
Meme Coins Are Falling Fast
Murad isn’t the only one losing money. The entire meme coin market is dropping fast. Popular tokens like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Official Trump (TRUMP) coin have all fallen by about 7% recently.
At the peak of the meme coin boom in January, Murad’s top coin picks were part of a $4.8 billion market. Now, their value has dropped 84%, according to CoinGecko.
Even with this massive drop, Murad still believes things will turn around. On Twitter/X, he told his followers:
“The bounces will be glorious.”
But many investors aren’t so sure. The meme coin craze has cooled down, and people are starting to doubt if these coins can bounce back.
Most Meme Coins Don’t Last
One big reason behind this crash is the growing distrust in influencer-backed meme coins. Research shows that 76% of tokens promoted by influencers fail, usually after a brief period of hype.
The overall numbers are even worse. According to BeInCrypto, a shocking 97% of all meme coins fail, and only 15 out of 1.7 million have managed to survive long-term.
This isn’t new—something similar happened in 2021 when many celebrity-endorsed tokens, like Save The Kids (STK), collapsed after influencers sold their shares, leaving regular investors with huge losses.
New Tools to Expose Shady Crypto Influencers
With so many meme coins failing, people are demanding more transparency from influencers who promote them.
To help with this, Arkham Intelligence has launched a new tool that tracks the crypto activity of influencers. Now, any influencer with over 100,000 followers on Twitter/X will be labeled as a “Key Opinion Leader” on Arkham.
This means investors can see whether influencers are holding or selling the coins they promote, making it easier to spot shady behavior.
Are Investors Moving Away from Meme Coins?
Murad’s $45 million loss is a clear warning for those who gamble on meme coins. Data shows that many investors are now shifting toward altcoins with real-world value instead of chasing short-term hype.
If history repeats itself, serious projects will outlast meme coins, and investors will likely move toward long-term crypto investments rather than risky bets that may not survive.
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