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
$1.36
token before selling his stake—he converted his SUPER holdings into Ether
ETH
$2,607.07
, 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
$0.1126
, SHOPX
SHOPX
$0.0042
, Jigstack DAO
STAK
$0.00000870
, and Virtue Poker
VPP
$0.0052
.
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.
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.
