Ethereum

bullish

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 <a href="https://x.com/zachxbt/status/1843940648430493906" rel="nofollow" target="_blank">ZachXBT</a>, 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. 
<img decoding="async" src="https://pbs.twimg.com/media/GZdPggZaYAA7nC8?format=jpg&amp;name=small" alt="Image" title="Murad Earns $23.6M from $SPX memecoin: A 61x Return in Four Months 11"> 
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. 
<img decoding="async" src="https://pbs.twimg.com/media/GZb-PfZXAAENonN?format=jpg&amp;name=4096x4096" alt="Image" title="Murad Earns $23.6M from $SPX memecoin: A 61x Return in Four Months 12"> 
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: 
<ul> 
 <li>0x6b411100c72ba2445e50ffd20839c28b3546de7c</li> 
 <li>0xcbd0dee0c3eed152c3398b062361becc4a15522b</li> 
</ul> 
Solana: 
<ul> 
 <li>GyBkVYkHBPMapyQeueQ6d44YthwqYiX4ajgnGLqq9P7r</li> 
 <li>7QZGS7MQ4S6hRmE8iXoFTXgQ2hXVUCho2ZhgeWvLNPZT</li> 
</ul> 
These wallets are under scrutiny as the community monitors for any signs of selling or further acquisitions.

Murad Earns $23.6M from $SPX memecoin: A 61x Return in Four Months

crypto.ro global

Other articles published on Oct 9, 2024

Polymarket Considering Token Launch Amidst New $50M Fundraising Talks: Report

Market: China Collapses, Markets Under Pressure

Bitwise Files for First-Ever XRP ETF with the SEC: What You Need to Know

31,000 Merchants Now Accept Crypto Payment with Luno and Zapper

Binance Introduces Exclusive Pre-Market Trading for Launchpool Tokens

Crypto Analysts Are Bullish on These Altcoins, Predicting They Will Outperform Solana (SOL) For R...

Join our free newsletter for daily crypto updates!