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Youtuber James Stephen Donaldson, popularly known as Mr Beast, has dismissed rumors of launching a memecoin as he finds it “icky.” However, he finds himself at the end of greed accusations for not doing so.

Solana’s official account followed Mr Beast on X, igniting speculation about him launching a memecoin on Solana, as celebrities like Iggy Azalea and Caitlyn Jenner have done in the past. Fans expected that the YouTuber could be the next prominent name in the memecoin game.

I could probably launch a meme coin and make hundreds of millions of dollars but idk. Just feels icky, I’ll pass.

— MrBeast (@MrBeast) January 19, 2025

The rumors were fueled further on January 18 when Crypto Beast claimed that Mr Beast’s memecoin could soon be launched. The account shared a screenshot of a DM from an apparent source telling him about the anticipated memecoin. The post was legitimized by Crypto Beast’s claim as “the first to post $TRUMP.”

Mr Beast quickly dismissed the falsehood by directly responding to Crypto Beast’s post. He acknowledged that launching a memecoin could bring him “hundreds of millions of dollars” in profit, but he is unsure.

He passes on the idea, calling it “icky.”

Mr Beast faces ‘greed’ accusations for not launching memecoin

If one hypothesized the launch of Mr Beast’s memecoin, it’s not beyond the realm of possibility that it would gain traction from his massive audience and Solana’s growing community. As compared to the TRUMP memecoin, the YouTuber’s audience and crypto enthusiasts would boost the adoption rates, something the YouTuber himself.

One fan suggested under the post that Mr Beast could connect the token to philanthropic causes for the projects related to his charity works.

Another fan was offended by the YouTuber’s “greed.” The user named said, “This guy will do anything for money and attention but dropping a coin so other people can make money off his brand.” Mr Beast replied under his tweet that he never imagined being called greedy for not launching a memecoin.

I never imagined I’d be getting called a greedy dick for NOT launching a meme coin but here we are. What is life anymore 😭

— MrBeast (@MrBeast) January 19, 2025

Meanwhile, the speculation also resurrected discussions regarding the investigation into Mr Beast’s past crypto involvement. The investigation claimed that the famous YouTuber and his partners gained millions through insider trading on low-cap tokens.

On-chain data links about 50 wallets to Mr Beast, which raised transparency questions. These questions were based on his Ethereum wallet disclosed during the NFT hype back in 2021.

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Bitcoin (BTC) surged to a new all-time high as the US readies for Donald Trump’s inauguration. The flagship currency rallied over 3% in the past 24 hours as optimism and excitement in the market continue to grow. 

Meanwhile, Donald Trump’s meme coin, TRUMP’s market cap soared to $12 billion just hours after launch, raking in billions in trading volume. 

Bitcoin Surges To New High 

Bitcoin (BTC) has surged to a new all-time high of $109,114 as markets brace for Donald Trump to be sworn in as the President of the United States. The flagship currency saw a sudden surge earlier today, allowing it to surge above $105,000 to its new all-time high, easily surpassing levels last seen in November following Trump’s election victory. The jump came after Trump and incoming First Lady Melania Trump launched rival meme coins, stunning the crypto market and community and forming the “God Candle” on the BTC price chart. The God Candle is a candle on the price chart that forms after the price witnesses a dramatic increase. 

Analysts have predicted BTC will surge to $150,000 in 2025, while more optimistic predictions put the flagship cryptocurrency at $1,000,000 in 2025. Lark Davis, a Bitcoin and crypto influencer and the writer of the Wealth Mastery newsletter stated,

“History will be made on Monday when Trump becomes the first pro-crypto president in the U.S., and new all-time highs could be imminent.”

A Strategic National Bitcoin Reserve 

Trump promised to create a strategic national Bitcoin reserve, adding that BTC could eclipse gold’s market capitalization when speaking at the Bitcoin 2024 conference. Ed Hindi, the Chief Investment Officer at Tyr Capital, believes Trump will make good on his promises within the first 90 days in office, leading to a substantial price increase.

“We believe Trump will turn some of his crypto rhetoric into action in his first 90 days in office, and this should catapult prices. Creating a U.S. Bitcoin strategic reserve will be one of them. Other countries will be forced to follow suit and hence create a price action virtuous cycle.”

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) has surged to a new all-time high during the current session as markets rebounded after a sluggish start to the day. BTC is up almost 4% over the past 24 hours and has registered gains of over 18% over the past week. Bullish sentiment began building last week despite BTC starting on a very negative note, plummeting below $90,000 on Monday to an intraday low of $89,397. However, the price rebounded from this level to reclaim $90,000 and settle at $94,492. Sentiment changed on Tuesday as BTC went above the 20-day SMA and settled at $96,566. Buying activity registered a substantial increase on Wednesday as BTC surged past the 50-day SMA, rising nearly 4%, going above $100,000 and settling at $100,050.

Source: TradingView

However, it was back in the red on Thursday, dropping to an intraday low of $97,094 before settling at $99,798. BTC recovered on Friday, rising 3.94% to surge past $100,000 and settle at $103,732. However, it lost momentum over the weekend, dropping to an intraday low of $101,591 on Saturday before settling at $103,579, ultimately registering a marginal drop. BTC rose to an intraday high of $106,552 on Sunday as buyers attempted a recovery. However, it lost momentum after reaching this level, dropping just over 2% to $101,434. BTC has rallied during the current session, surging to a new all-time high of $109,350. However, it has since registered a marginal decline and is currently trading around $107,667.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.