Murad Mahmudov recently made $23.6 million from an initial $387,000 investment in SPX tokens over a four-month period.
According to crypto investigator ZachXBT, Mahmudov bought 35.69 million SPX tokens between June 2 and August 16, 2024, using four wallet addresses. These tokens are now worth around $24 million, a significant gain compared to his initial investment.
In addition to his SPX success, Mahmudov has become active in the meme coin sector. He holds large amounts of meme coins across multiple blockchains, particularly Ethereum and Solana.
His involvement in these markets has attracted attention, with some observers on social media accusing him of using his influence to affect the prices of these tokens.
ZachXBT’s analysis links 11 wallets, holding approximately $24 million in meme coins, to Mahmudov. These wallets are tied to common funding sources and show trading behavior similar to Mahmudov’s public posts. His activity in the meme coin market is closely watched, with some concerns about potential price manipulation.
Mahmudov has also spoken about a potential “Supercycle” in the cryptocurrency market, suggesting that cultural factors could drive a prolonged bullish trend.
Addresses to Watch: Ethereum:
- 0x6b411100c72ba2445e50ffd20839c28b3546de7c
- 0xcbd0dee0c3eed152c3398b062361becc4a15522b
Solana:
- GyBkVYkHBPMapyQeueQ6d44YthwqYiX4ajgnGLqq9P7r
- 7QZGS7MQ4S6hRmE8iXoFTXgQ2hXVUCho2ZhgeWvLNPZT
These wallets are under scrutiny as the community monitors for any signs of selling or further acquisitions.
