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 SUPER $1.38 token before selling his stake—he converted his SUPER holdings into Ether ETH $2,601.94 , routing the funds through multiple wallets and securing over $9 million in profit.
Beyond SuperFarmDAO, MrBeast is also accused of promoting and then selling off tokens from projects like Polychain Monsters PMON $0.1160 , SHOPX SHOPX $0.0042 , Jigstack DAO STAK $0.00000880 , and Virtue Poker VPP $0.0051 .
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.
