ZachXBT Reveals Murad Mahmudov's On-Chain Wallets, Sparking Doxxing Debate

Renowned on-chain investigator ZachXBT has stirred up controversy once again, this time by revealing the on-chain wallets of Murad Mahmudov

On-chain sleuth ZachXBT has once again stirred up the crypto community, this time revealing the on-chain wallets of Murad Mahmudov, a popular memecoin promoter with over 200,000 followers on X (formerly Twitter).

Mahmudov, a former Bitcoin fund manager whose previous venture, Adaptive Capital, failed, has recently gained attention after promoting what he calls a "Meme Coin Supercycle." During a speech at the TOKEN2049 conference, Mahmudov predicted that meme coins, often driven by cult-like communities, would dominate the crypto landscape in the coming years.

"Some of the meme coins will capture the zeitgeist of the time and will go on to become the next big thing, like DOGE and SHIB, and will go up 100x from here," said Mahmudov.

His social media posts have fueled excitement, with Mahmudov suggesting that certain meme coins could "dominate the timeline."

Now, ZachXBT has shared details of 11 wallets linked to Mahmudov, which contain around $24 million worth of memecoins. According to the investigator, the move is intended to allow the community to "monitor [Murad’s] future activity" and provide transparency around Mahmudov’s bold predictions.

"Highlighting large influencers' activities is important for providing transparency, especially when it comes to memecoins, where the potential for price manipulation is high," said ZachXBT.

The revelation has sparked a heated debate across Crypto Twitter, with some praising ZachXBT for shining a light on memecoin promoters, while others condemned the move as a form of doxxing.

Critics argue that revealing wallet addresses could potentially put Mahmudov at risk, despite blockchain transparency being a cornerstone of the crypto industry.

"Revealing someone's wallet addresses is a form of doxxing, even if the wallets are on a public blockchain. It's a dangerous precedent to set, and it could lead to harassment or even physical harm," said one user.

However, ZachXBT defended his actions, emphasizing the need for followers to make more informed decisions about the coins they invest in, particularly given Mahmudov's influence in the volatile memecoin space.

"I'm not revealing anything that isn't already publicly available on the blockchain. Everyone can view these wallets and their transactions. I'm simply highlighting it for the community, especially those who follow Mahmudov's trades," said ZachXBT.

This isn't the first time ZachXBT has clashed with memecoin promoters. Just days earlier, the investigator called out popular crypto influencer Ansem for frequently shilling low-cap memecoins to his 600,000 followers.

Ansem fired back, questioning why discussing low-cap tokens was considered "grifting."

"Since when did discussing or buying low-cap tokens become grifting? I thought we were all here to get rich and help others do the same," said Ansem.

ZachXBT didn't hold back, accusing Ansem of contributing to pump-and-dump schemes while he, in contrast, helps the community by tracking down criminals and recovering stolen funds.

"I help the community by tracking down criminals and recovering stolen funds. You contribute to pump-and-dumps, and now you're crying victim," said ZachXBT.

The debate has now evolved into a broader discussion on the ethics of revealing on-chain information.

Cold Blooded Shiller, a pseudonymous influencer, cautioned that painting a target on someone’s back—especially when they’ve done nothing wrong—could create a toxic environment where any form of selling is viewed with suspicion.

"Be careful what you wish for. Painting a target on someone's back, even if they're making bold predictions, is dangerous," said Cold Blooded Shiller.

Others, like Udi Wertheimer, co-founder of Taproot Wizards, echoed this sentiment, adding that it was "wild" to publicly expose someone's wallets to discourage wrongdoing.

"It's wild to publicly expose someone's wallets to discourage any potential wrongdoing. Especially when the whole point of crypto is transparency," said Wertheimer.

Interestingly, Mahmudov seems unfazed by the scrutiny. In a recent interview, he doubled down on his bullish stance on meme coins, suggesting that meme coin projects with strong communities and time to build cult-like followings will become the "next big thing."

"I think the meme coin project that will capture the zeitgeist of the time will become the next big thing. These projects have strong communities, and people are willing to hold for years, like we saw with DOGE and SHIB," said Mahmudov.

While he admits to planning an exit strategy, including selling some of his holdings in late 2025 or early 2026, Mahmudov has no intention of abandoning the space anytime soon.

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