blockchainreporter.net
Through investment in $SPX, Murad (@MustStopMurad) has become one of the most proficient traders, hitting a $23.6M profit within four months of trading. This development was recently analyzed by Lookonchain, which established that he got a return of 61x his initial investment.
Murad(@MustStopMurad) made $23.6M on $SPX in just 4 months, a 61x return!
— Lookonchain (@lookonchain) October 9, 2024
According to the addresses published by @zachxbt, @MustStopMurad spent only $387K to buy 35.69M $SPX through 4 addresses from Jun 2 to Aug 16, currently worth $24M!
Closely monitor these addresses to see… pic.twitter.com/cyYIrTdcLo
Investment Breakdown and Address Monitoring
According to information provided by blockchain analyst ZachXBT, Murad bought 35,690,000 $SPX tokens through 4 addresses between June 2 and August 16 for an initial investment of $387K. The latest valuations show these tokens have risen to approximately $24M.
The rise of $SPX has led to increased interest in Murad’s trading activity because of his relative success in trading. As a result, Lookonchain advises the community to pay attention to the activity of these addresses to know if any of them can affect the token’s price.
The four addresses identified for monitoring include:
- 0x6b411100c72ba2445e50ffd20839c28b3546de7c
- 0x52BA2171D6d0aAf6e817769B9d54576E79a98d1A
- 0xCB0dEdEe0c3eED152C3398B062361bEcc4a15522B
- 0x13FC38Ec99A8217A06D1dC6D8Bc0bF0Ee97EBF7f
Transparency and Community Watch
ZachXBT has also pointed out what he considers 11 very probable Murad wallets and over $24 million in meme coins on Ethereum and Solana. The community should track any activities in these wallets carefully that could indicate any large sell-offs or changes in investment strategies.
Murad’s trading involves rapid returns. His trading activities highlight the potential volatility and lucrative opportunities within the cryptocurrency market.
Insights into the Future
Murad’s recent success shows that meme coins can become famous, but once again, it reveals that the cryptocurrency market, among which the majority are meme coins, can be quite unpredictable. So, while the growth of $SPX is churning massive profits, the community is looking for the slightest changes with Murad’s trading plan that impact $SPX prices and the overall market.
Having $SPX is currently making waves, and investors are fixating on Murad’s movement to see if his next move will ensure more gains or produce more volatility.