Crypto Influencer Exposed?! “Hidden” Wallets with $24M Meme Coins Revealed
Elena R9 Oct 20242 min read
ZachXBT, a well-known on-chain investigator and researcher, has uncovered 11 wallets likely tied to prominent crypto figure MustStopMurad. These wallets collectively hold an estimated $24 million worth of meme coins across the Ethereum and Solana networks. The findings raise serious questions about market manipulation and the concentrated influence of crypto personalities on digital assets.
Here’s what you need to know.
Evidence of the Wallet Linkage
1. Common Funding Source: All of the 11 wallets were funded from one common Ethereum Address 0x93f that connects to a multi-signature wallet which Murad and the rest of the brains and masterminds behind Stakex still own.
2. Activity Time: Wallet address GyBkVY, a trader who purchased 7.5 million MINI one hour prior to the time Murad released his ‘ conviction buys list on 16th July 2024.
Most of these transactions will be virtually impossible to link to other participants, as the timing of the transactions, could be connected, to public statements made by Murad with regard to his investments.
3. DeBridge Utilization: More activity in the form of connecting to and from other Solana addresses was made via deBridge, which pointed towards even more large-scale and purposeful trading associated with Murad’s actions.
The Implications of the Discovery
This revelation hints at the possibility of even broader market-moving actions by Murad and other influencers. With $24 million in meme coins spread across these wallets, Murad has significant purchasing power. The transparency of these public addresses allows the crypto community to monitor his future trading moves closely.
There’s also speculation that Murad could control other undisclosed wallets beyond the 11 that have been identified.
These constant checks point out a need for a positive role in the apparently high growth of transparency and accountability in the cryptocurrency trading system.
If you were in Murad’s position, would you have used your influence to manipulate the market?
