MrBeast, also known as Jimmy Donaldson, has come under scrutiny for promoting lesser-known cryptocurrencies through Initial DEX Offerings (IDOs), reportedly earning over $10 million. Crypto investigator SomaXBT has linked MrBeast to several projects, including Polychain Monsters (PMON), Virtue Poker (VPP), and SuperFarm ($SUPER). SomaXBT cautions that such promotions may resemble pump-and-dump schemes, where influencers inflate token prices only to sell off for profit, leaving ordinary investors at risk of significant losses.

SomaXBT highlights the potential for market manipulation, akin to actions that would draw SEC intervention in traditional stock markets. By utilizing on-chain data, the aim is to foster greater transparency and accountability regarding influencer promotions in the volatile crypto landscape. These findings serve as a warning to investors who may follow influencers without a comprehensive understanding of the crypto market's risks.

Currently, $SUPER is trading at 1.2254, down 4.65%.#moonbix #USPPIAboveExpectations #USRateCutExpected #NeiroOnBinance #Write2Earn!