Ethics Flies To The Trash as ZachXBT Accuses Murad Mahmudov of Market Manipulation By Doxxing His Wallets, Twitter Community Debates Heating Following The Allegation.
There are many on-chain investigators in the crypto world. On-chain investors are people who analyze the activities in the blockchain and make informed decisions about various cryptocurrency investments. Among them, there is a renowned person named ZachXBT who has been known to stir up controversy after controversy in the crypto communities.
The famous crypto detective, who is known widely for his numerous high-profile cases is now going after Murad Mahmudov, a highly renowned meme coin trader. As ZachXBT doxxed 11 crypto wallets to the public, it instantly lit a fire in the X community as various users debated over whether Murad was a genuine trader or manipulated the meme coin market in his favor and also about ZachXBT and his doxxing of Murad’s wallets on social media.
Who is Murad Mahmudov?
Murad Muhmudev is one of the prominent traders in the crypto world. He became a significant figure following the Token2049 conference where he addressed the subject of a ‘meme coin supercycle’. His journey as a whole started in 2016, soon after he graduated from Princeton University.
He initially stepped into the crypto world as a writer. After that, he launched a crypto fund, which ended up a complete failure in the market due to the Covid-19 pandemic. There was no particular information about him after this. Later, in the year 2022, he returned to social media, and his influence skyrocketed.
However, crypto investigator ZachXBT’s investigation on him revealed that he has stashed large amounts of meme coins across multiple crypto wallets. This is a serious allegation as it raises concerns regarding transparency and is considered a serious market manipulation technique. It has the potential to be a big hit for Murad, as several followers may have already started doubting him following this disclosure.
ZachXBT’s doxxing of Murad’s crypto wallets
Murad was a well-known Bitcoin enthusiast. However, his crypto fund ended up as a failure during the pandemic times. This drastically changed his views, and he soon set his eyes on the meme coin market. The list of meme coins, he openly favoured through social media, became the talk of the week after ZachXBT uncovered his wallets.
ZachXBT, who is a well-known investigator in the crypto world has doxxed Murad’s 11 crypto wallets, all of which contain a huge amount of meme coins stored in each of them. These wallets contained over $24 million in assets including coins like PEPE and WIF. This resulted in a major question regarding whether or not Murad used his influence in social media to manipulate the meme coin market.
ZachXBT claimed that he doxxed the wallets so that numerous investors would make informed decisions rather than blindly following prominent figures like Mahmudov. This also resulted in sparking a debate in the X community about ethical boundaries and the doxxing done by the famous crypto detective.
Implications in the crypto market
The investigation done by ZachXBT resulted in the dissemination of various allegations like how numerous crypto influencers are using their fame and influence in social media to manipulate the crypto market in their favor. With this various crypto investors are struggling to find the difference between legitimate promotion and manipulation.
In the ever-changing world of crypto, the case puts to light the issue associated with various crypto influencers wielding a huge amount of power in the market, especially in the meme coin market. It also raises questions about how much control the influencers should possess and whether there is a need to implement strict oversight of these influencers. This may have the potential to protect retail investors from manipulation at the hands of various big-name influencers in social media.
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