MrBeast Accused of Profiting Millions in Crypto Pump-and-Dump Schemes

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 $0.4986  token before selling his stake—he converted his SUPER holdings into Ether ETH $1,834.50 , 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 $0.0574 , SHOPX SHOPX $0.00 , Jigstack DAO STAK $0.00000900 , and Virtue Poker VPP $0.0011 .

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.