Galaxy's Head of Research, Alex Thorn, has denied rumors that Murad Mahmudov, a meme coin analyst, sold his SPX6900 tokens to the company. Reports claimed that Murad conducted the sale through over-the-counter transactions to avoid public scrutiny. It was also alleged that Galaxy acquired Murad's seed phrase, giving them control over his wallets. However, Thorn dismissed these rumors as false and clarified that the circulating photos were forgeries. Murad has previously been a vocal supporter of SPX, but his public endorsements have raised concerns about potential market manipulation. Despite the rumors, the price of SPX has been struggling, with the token experiencing significant losses in recent months.



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