The post ZachXBT reveals wallets of analyst Murad Mahmudov, angers memecoiners appeared on BitcoinEthereumNews.com.

Crypto sleuth ZachXBT has rilled up the memecoin community after exposing the holdings of Murad, a micro-cap memecoin promoter with a following on X (formerly Twitter) of more than 200,000 users.  The well-known investigator shared the details of 11 wallets he believes belong to Murad Mahmudov and noted they collectively hold roughly $24 million in memecoins. He claimed the wallet reveal would allow the community to “monitor [Murad’s] future activity” and added that Murad is making “very bold predictions about micro-cap memecoins to thousands and thousands of followers while controlling the supply.”  “People deserve to make more informed decisions about the coins they buy,” he said.  Murad, who previously owned a failed bitcoin fund called Adaptive Capital is trending in the memecoin community after he gave a speech during TOKEN2049 about a ‘memecoin supercycle.’ Not everyone was annoyed with ZachXBT’s post, with many X users praising his criticism of memecoin promoters. ZachXBT’s post received a serious amount of backlash from multiple memecoin influencers and sparked a debate on memecoin promotion. Multiple X users accused him of ‘doxxing’ Murad while some claimed the wallet reveal put Murad “in significant danger.” However, many other crypto enthusiasts have pointed out that the very nature of the blockchain means that all this information was already public knowledge. Many X users also noted that Murad has shared his purchases online before. Kinda hilarious the outrage in the replies to the @zachxbt murad post about his holdings compared to the outrage about an undoxxed wallet dumping a bunch eigen a few days ago. You either want transparency or you don’t. Hint: you want it — gmoney.9dcc.eth (@gmoneyNFT) October 9, 2024 Read more: 3AC founders’ Three Arrowz Capitel memecoin crashes faster than 3AC Last weekend ZachXBT also upset memecoin fans after he argued with popular crypto influencer…

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Filed under: News - @ October 9, 2024 6:24 pm