On-chain analyst ZachXBT has released findings that purportedly connect prominent meme coin trader MustStopMurad to a substantial portfolio of cryptocurrency assets.
The investigation claims to have identified 11 wallets across the Ethereum and Solana blockchains, collectively holding approximately $24 million in various meme coins.
2/2 Why do I say these 11 wallets belong to Murad.
1) All wallets were funded from the same source on Ethereum
0x93f019699ef400df7dc3477dbb6400ed9445a657
2) Funding source is also directly tied to STFX team address / multisig signer
3) Holdings are similar to his posts
EX:… pic.twitter.com/z3bmQWS4Hw
— ZachXBT (@zachxbt) October 9, 2024
ZachXBT points out factors that helped the investigation
ZachXBT’s analysis points to several factors suggesting these wallets belong to Murad. All 11 wallets were reportedly funded from a single Ethereum address.
The funding source is allegedly tied to the STFX team address and multisig signer.
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The wallet holdings appear to align with Murad’s public posts about meme coin investments. In addition, a consistent pattern of using deBridge for transactions on Solana addresses was observed.
One notable piece of evidence presented is a transaction showing a wallet purchased 7.5 million MINI tokens shortly before Murad included the coin in his “conviction list” post on July 16, 2024.
MustStopMurad, known for his insights into meme coin trading, has not yet responded to this finding.
The crypto community is now closely monitoring these identified wallets for any future activity.
ZachXBT suggests that Murad may have additional addresses not connected to this cluster, indicating the possibility of a larger undisclosed portfolio.
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As of now, the crypto community awaits any response or clarification from MustStopMurad regarding these wallet addresses.
