The most-subscribed YouTuber, MrBeast, has found himself at the center of controversy, with claims surfacing that he profited millions through alleged crypto pump-and-dump activities.
Crypto investigator SomaXBT shared some findings on X, suggesting that MrBeast made over $10 million by endorsing and later selling off various low-cap Initial DEX Offering (IDO) tokens promoted by fellow influencers such as Lark Davis, CryptoBanter, and KSI.
The investigator claims that many of these tokens have now lost 90% of their value, with some of them rebranding after massive losses.
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In particular, SomaXBT claims that MrBeast invested $100,000 in the SuperFarmDAO project. Using his influence, he allegedly helped boost the value of the project's SUPER
Beyond SuperFarmDAO, MrBeast is also accused of promoting and then selling off tokens from projects like Polychain Monsters
The full extent of MrBeast's involvement in these alleged pump-and-dump schemes remains unclear, but the accusations have sparked discussion within the crypto community, raising concerns about influencer-backed projects.
In other news, French soccer star Kylian Mbappé's X account was hacked this year and started promoting a fake memecoin inspired by him.
