Popular influencer MrBeast (@MrBeast), who boasts 31.2 million followers, is under scrutiny following allegations of insider trading, misleading investors, and leveraging his influence to pump cryptocurrency tokens—only to later dump them for profit.
Based on a detailed investigation of his wallet transactions on Arkham Intelligence, it’s estimated he made over $23 million from various crypto projects through these practices.
This is MrBeast
An influencer with over 300M followers
In 2021, he pocketed $23 MILLION off insider trades and pump & dump schemes in crypto
This is the story he never wanted you to find out 👇🧵 pic.twitter.com/fSTo6ZJk6K
— Rekt Fencer (@rektfencer) October 30, 2024
A key source of his profits came from $SUPER, where MrBeast invested $100,000 in 2021, securing 1 million tokens.
Soon after, he began promoting the project on Twitter. Just a month later, he liquidated his 1 million $SUPER for 1,900 ETH, sending it to Binance.
Over the following year, he received an additional $6.9 million worth of $SUPER from the vesting contract, selling this amount on the open market for around $5.5 million in profits.
Other Investment Made By MrBeast
In another case, MrBeast invested $25,000 in @protocolmon’s $PMON tokens, receiving 25,000 tokens. Backed by @MoonrockCapital, $PMON underwent heavy promotion, and MrBeast sold his entire allocation for 685 ETH within a week, profiting $1.7 million. He later received another 68,700 $PMON tokens from the team, adding another $385,000 to his earnings.
Other projects followed similar patterns. With @shopxlabs, he invested $25,000 in $SHOPX, profiting $765,000 by selling off his allocation. He also made $1.31 million from @jigstack’s $STAK tokens and another $4.6 million from @EthernityChain’s $ERN tokens.
MrBeast (@MrBeast), an influencer with 31.2M followers, has engaged in insider trading, misleading investors, and using his influence to pump tokens, only to dump them later.
He has made over $23M in profits from various crypto projects:
$11.45M from $SUPER
$4.65M from $ERN… pic.twitter.com/gMtXVemCDE— Lookonchain (@lookonchain) October 30, 2024
The report further details his involvement in smaller projects, NFTs, and play-to-earn ventures, most of which have since lost public interest. This controversy now raises questions about transparency and ethics in influencer-driven crypto promotions.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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