According to crypto investigator ZachXBT, Mahmudov purchased 35.69 million SPX tokens between June 2 and August 16, 2024, utilizing 4 pockets addresses. These tokens at the moment are price round $24 million, a major achieve in comparison with his preliminary funding.
In addition to his SPX success, Mahmudov has develop into lively within the meme coin sector. He holds giant quantities of meme cash throughout a number of blockchains, notably Ethereum and Solana.
His involvement in these markets has attracted consideration, with some observers on social media accusing him of utilizing his affect to have an effect on the costs of those tokens.
ZachXBT’s evaluation hyperlinks 11 wallets, holding roughly $24 million in meme cash, to Mahmudov. These wallets are tied to widespread funding sources and present buying and selling habits just like Mahmudov’s public posts. His exercise within the meme coin market is intently watched, with some issues about potential value manipulation.
Mahmudov has additionally spoken a couple of potential “Supercycle” within the cryptocurrency market, suggesting that cultural elements may drive a protracted bullish pattern.
Addresses to Watch: Ethereum:
- 0x6b411100c72ba2445e50ffd20839c28b3546de7c
- 0xcbd0dee0c3eed152c3398b062361becc4a15522b
Solana:
- GyBkVYkHBPMapyQeueQ6d44YthwqYiX4ajgnGLqq9P7r
- 7QZGS7MQ4S6hRmE8iXoFTXgQ2hXVUCho2ZhgeWvLNPZT
These wallets are underneath scrutiny because the group displays for any indicators of promoting or additional acquisitions.
