Galaxy Executive Denies SPX Token’s Alleged Sale by Murad
Alex Thorn, head of research at Galaxy, refuted Meme Coin analyst Murad Mahmudov, selling their SPX6900 (SPX) tokens to them.
Murad sold through an over-the-counter (OTC) deal to bypass on-chain activities, the report said.
Did Murad really sell his SPX token?
According to rumors circulating on social media platform X (formerly Twitter), Murad unloaded a $20 million SPX token for $13 million. He bypassed Chain transaction Avoid public scrutiny.
Additionally, the user noted that the situation range was beyond Simple token sale. These claims suggest that Galaxy acquired Murad’s seed phrases, giving them control over his wallet.
“It’s not just an OTC sale, it’s a full-blown hidden liquidation,” one user Write On X.
Rumors go further, accusing Galaxy of passing Private OTC transactions At the same time, hedge your position in short-term trade at the same time. The speculations are allegedly supported by leaked internal memos and chat logs, allegedly private sales strategies.
But the sting quickly closed the rumor.
“This is fake,” sting statement.
In a statement on X, Thorn resolved the circulating photos, confirming that they were forged. He noted that the ID badge in the image does not belong to him or his team, and the email group displayed is not a legal distribution list.
Thorne stressed that the whole situation is a manufacturing designed to mislead the public.
“It’s really wrong – you’re playing by random meme coin scammers,” additional.
It is important to note that Murad has always been a voice supporter for SPX Approved meme coins Many times in the past. His strong support for the project makes the recent claim even more surprising.
“SPX6900 will be the largest meme coin in world history,” Murad Write In January.
However, his approval also attracted some eyebrows. Before, Investigation by crypto detective Zachxbt Revealed Murad’s use of 11 separate wallets, with a $24 million holding, including SPX. His public promotion of coins has led to a surge in the value of SPX and has caused people to Potential market manipulation.
At the same time, rumors of selling SPX have little impact on the price of tokens. When it comes to price, SPX is already struggling.
after Recovered briefly last weekthe token continues to depreciate. At the time of writing, it traded at $0.61, down 8.1% over the past day. The monthly loss of tokens is 56.1%, reflecting the Bearish sentiment in the market.
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