๐จ๐จ๐๐น๐น๐ฒ๐ด๐ฎ๐๐ถ๐ผ๐ป๐ ๐๐ด๐ฎ๐ถ๐ป๐๐ ๐ ๐ฟ๐๐ฒ๐ฎ๐๐ ๐จ๐จ
1. Accusation:
MrBeast (Jimmy Donaldson) allegedly earned $10 million through pump-and-dump schemes involving low-cap cryptocurrencies like SuperFarm ($SUPER) and Polychain Monsters ($PMON).
2. Scheme Details:
He is accused of promoting these tokens, causing temporary price spikes, then selling his holdings, leading to significant price crashes, with some tokens losing over 90% of their value.
3. Investor Losses:
Retail investors were left to absorb heavy losses, triggering a public outcry and raising concerns about influencer-driven crypto promotions.
4. Ethical Concerns:
Critics claim MrBeast's actions resemble typical pump-and-dump tactics, calling into question the ethical responsibility of influencers in speculative markets.
5. Transparency in Crypto:
The controversy highlights the need for greater transparency and accountability as more celebrities and influencers promote digital assets, urging caution for investors.
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