🚨🚨🚨 $24M Meme Coin Hoard Sparks Market Manipulation Fears Linked to Influencer MustStopMurad 🚨🚨🚨
An on-chain investigator, ZachXBT, has unveiled potential market manipulation involving the prominent crypto figure MustStopMurad, whose wallet reportedly holds about $24 million in various meme coins across the Ethereum and Solana networks. This revelation raises significant questions about the influence of popular personalities on market dynamics.
Evidence of Wallet Linkage
1. **Common Funding Source**: Investigations revealed that 11 wallets were funded from a single Ethereum address (0x93f) associated with a multi-signature wallet owned by Murad and his partners in the Stakex project.
2. **Timing of Transactions**: One notable transaction involved a wallet (GyBkVY) that acquired 7.5 million MINI tokens just an hour before Murad released his "conviction buys" list on July 16, 2024. This timing suggests a possible correlation between Murad's public statements and market activities.
3. **DeBridge Activity**: Increased transactions connecting various Solana addresses via deBridge indicate coordinated trading strategies tied to Murad's actions.
Community Impact
The discovery has significant implications for the crypto community, as it suggests that influencers may wield considerable power over market movements. The $24 million in meme coins represents substantial purchasing power, and the visibility of these transactions allows the community to monitor Murad's future activities closely.
Moreover, there are speculations that Murad could control additional, undisclosed wallets, highlighting the need for greater transparency and accountability in cryptocurrency trading. As the crypto space evolves, maintaining integrity in trading practices is crucial to sustaining trust within the community.
