MustStopMurad
Last changed 2026-10-27 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the trust score did not change. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -30 |
| Concerns that are not fraud | -6.4 |
| Problems around it, caused by others | -1.4 |
| Long-running | +10 |
| Sum | 37 |
Score: 47/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-10-27 · 3 of 5 claims confirmed · 2 need better sources
anchored·CU7tGJ…nwRSSummary
MustStopMurad is the X handle of Murad Mahmudov, a Princeton-educated former Goldman Sachs analyst and co-founder of the now-defunct Adaptive Capital hedge fund, who rose to prominence in 2024 as the primary advocate of the 'memecoin supercycle' thesis following a widely-circulated speech at TOKEN2049 Singapore. On-chain investigator ZachXBT published what he alleged to be 11 wallets linked to Mahmudov in October 2024, holding approximately $24 million in memecoins, raising concerns about undisclosed large holdings in tokens he publicly promotes to hundreds of thousands of followers. No regulatory action has been filed; the core allegations of supply control, potential front-running, and undisclosed conflicts of interest remain contested and unproven in any legal forum.
Connected Entities
9 entities · 60 linked investigations- Ethereum→mentioned with→Bitcoin(60%)
- BitMEX→mentioned with→Bitcoin(70%)
- Ansem / $ANSEM ("Black Bull") creator-coin controversy→mentioned with→ZachXBT(70%)
- Ansem / $ANSEM ("Black Bull") creator-coin controversy→mentioned with→Solana(80%)
- Ansem / $ANSEM ("Black Bull") creator-coin controversy→mentioned with→Dogecoin(65%)
- ZachXBT→mentioned with→Ethereum(70%)
- ZachXBT→mentioned with→Bitcoin(65%)
- MustStopMurad→mentioned with→Solana(65%)
- MustStopMurad→mentioned with→BitMEX(70%)
- MustStopMurad→mentioned with→ZachXBT(80%)
- + 12 more
Connected Through
7 shared actors · 613 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Ethereumorganization
- □ZachXBTorganization
- ♦Bitcointoken
- □Solanaorganization
Timeline(10 events)
2013
Mahmudov participates in an exchange program in Beijing, encounters early OKCoin employees during a Bitcoin price surge, beginning his involvement in crypto.
ChainCatcher2016
Mahmudov graduates from Princeton University with a focus on East Asian Studies and Finance.
Datawallet2019
Mahmudov co-founds Adaptive Capital, a multi-strategy cryptocurrency hedge fund.
Crowdfund Insider13 March 2020
Bitcoin crashes more than 50% in a single day. Adaptive Capital, holding approximately $20 million in investor funds with heavy leveraged exposure on BitMEX, sustains catastrophic losses.
The Block20 March 2020
Adaptive Capital announces it is shutting down operations, citing 'infrastructural insufficiencies.' Approximately $20 million in investor funds were lost.
Crowdfund Insider18 September 2024
Mahmudov delivers 'The Memecoin Supercycle' speech at TOKEN2049 Singapore, arguing memecoins will outperform all other crypto asset classes and that 20-25 'cult' tokens could reach billion-dollar valuations. The speech goes viral and significantly expands his following.
TOKEN2049 official session page9 October 2024
ZachXBT publishes 11 alleged wallet addresses linked to Mahmudov holding approximately $24 million in memecoins on Ethereum and Solana. ZachXBT alleges Mahmudov was making predictions about micro-cap memecoins 'while controlling the supply' and that followers deserve to monitor his on-chain activity. One wallet allegedly purchased MINI tokens approximately one hour before Mahmudov publicly mentioned the coin.
Crypto.news9 October 2024
ZachXBT responds to influencer Ansem's 'Team Murad' post with 'Team Grifter,' escalating the public dispute.
Protos14 October 2024
Mahmudov publishes a public 'top 10 meme coin picks' list, continuing active promotion of memecoins following the ZachXBT disclosure.
BenzingaJuly 2025
Reports indicate Mahmudov's SPX6900 holdings have appreciated to an estimated $66-70 million, representing gains of approximately 10,500% on his position, generating renewed debate about the scale of undisclosed concentrated holdings among memecoin promoters.
AInvestDecision Log
- slot 462056570 · hash 4QnnSHQRQ3HTEJ9HUFHtcUM3FUZ9i9HFPtoq5ibJ1Y3N
- slot 462056565 · hash F1HJ38GyspPkLmoZBNDiZF6xJPMDgCp2Y3GL8BrKDEtt
- slot 461962399 · hash E35ACaUG8FiEB15YEhaiPyBihVWAZSnpFRFHES9qkGvr
- slot 420801804 · hash 6XJgSPkywKouYtmch5t7V642YXiDd3YcLxdnh72wKn5Q
This investigation is cryptographically anchored to the Solana blockchain (4 decisions).
model: claude-sonnet
generated: 5/4/2026, 4:04:57 PM
last updated: 10/27/2026, 11:38:48 AM
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