Originally published on: October 10, 2024
Crypto investigator ZachXBT has uncovered what he believes are 11 Ethereum and Solana wallets belonging to memecoin enthusiast Murad Mahmudov, containing a staggering $24 million in tokens.
In a recent revelation shared on Xpost, ZachXBT linked Mahmudov to the wallets, citing similarities in funding sources and token holdings as the basis for his claims.
By exposing Mahmudov’s alleged wallets, ZachXBT aims to empower the community to monitor his future activities, especially given Mahmudov’s influence in making predictions about micro cap memecoins to a large following.
Specifically, ZachXBT pointed to a substantial purchase of MINI coins by Mahmudov, followed by an announcement of acquiring a significant supply percentage, raising suspicions about his activities.
Further investigation by ZachXBT revealed connections to the DeFi platform STFX, suggesting Mahmudov’s involvement with the project and potentially tying him to the wallets.
As a former chief information officer of a now-defunct crypto hedge fund, Mahmudov has pivoted to advocating for memecoins on X, attracting a substantial following with his picks and predictions.
The online community’s response to ZachXBT’s findings has been divided, with some hailing the transparency while others expressing concerns about doxxing and potential risks to Mahmudov.
Amidst the ongoing debate surrounding memecoins, Mahmudov’s alleged involvement in significant holdings raises questions about the impact of insider trading and market manipulation in the crypto space.
As the story unfolds, the exposure of Mahmudov’s wallets sheds light on the complexities and controversies surrounding memecoins and the broader crypto market.
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