Cryptocurrency wallets linked to MrBeast generated $13 million in tokens promoted by influencers

A blockchain researcher has linked famous YouTuber MrBeast to millions of dollars in profits from controversial crypto projects.

Summary:

• Wallets linked to MrBeast generated around $13 million in token sales.

• The tokens were part of crypto projects accused of being “pump-and-dumps.”

• Arkham Intelligence linked MrBeast to wallets used to buy and sell these tokens.

• MrBeast publicly promoted some of these tokens, such as SUPER, on social media.

Cryptocurrency wallets associated with MrBeast have reportedly amassed approximately $13 million by selling tokens from launches that analysts deemed “pump-and-dump” schemes. According to Arkham Intelligence, one of the wallets is directly linked to Jimmy Donaldson (MrBeast), who in the past claimed to use it to acquire NFTs.

MrBeast and Crypto Token Gains

A SomaXBT analysis revealed that wallets linked to MrBeast reportedly invested around $250,000 in 2021 in various tokens, selling them shortly after for a huge profit. In one case, the wallet invested $25,000 in the Polkamon (PMON) token, selling it hours later for a $1.3 million profit. According to ZachXBT, Polkamon was flagged for being a high-risk project with suspicious activities.

SuperVerse (SUPER) Implications

The wallet also showed trades with SuperVerse (SUPER), publicly promoted by MrBeast on Twitter. The wallet bought one million SUPER tokens for $100,000 USDC and sold them at their all-time high. In the following weeks, the value of SUPER fell by more than 90%.

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