In a new investigation, a well-known crypto sleuth has alleged the potential involvement of Murad Mahmudov, a renowned memecoin bull, with Ethereum and Solana wallets worth approximately $24 million.

Accusations and Origin

A self-proclaimed crypto sleuth known as T has posted on X, claiming that Mahmudov is linked to several Ethereum and Solana wallets. According to T, these wallets receive funds from a dignified source and have almost identical holdings.

Investigation Details

ZachXBT, another crypto sleuth, added that Mahmudov is manipulating the supply of memecoins and then making forecasts about them to his followers. This claim is supported by events on July 16, when Mahmudov made significant purchases of MEMICOIN just before acquiring 1% of its supply. The investigation also suggested that the use of DeBridge for funding the Solana address ties the wallets to a team address known as STFX.

Community Reaction

Social media users actively discussed the allegations against Mahmudov. Some supported the actions of the sleuths, seeing it as a step towards greater transparency in the crypto economy. Others view it as an intrusion into personal life, citing possible threats to the owner from the disclosure of wallet information.

The need for transparency and accountability in digital economics continues to be a hot topic, as accusations of memecoin manipulations against Mahmudov stir the crypto community, spotlighting the importance of such issues.