MrBeast Under Fire: Allegedly Earned $10M from Pump-and-Dump Crypto Schemes
Jimmy Donaldson, better known as MrBeast, has found himself at the center of controversy, accused of making over $10 million by promoting low-cap crypto tokens and engaging in alleged pump-and-dump schemes. According to a detailed investigation by SomaXBT, MrBeast's involvement spans projects like SuperFarm ($SUPER) and Polychain Monsters ($PMON). Reports suggest that he actively promoted these tokens, capitalized on price surges by selling his holdings, and walked away with significant profits, leaving investors in the dust.
Following the hype, many of these tokens experienced devastating losses, with some shedding more than 90% of their value. The situation has sparked serious ethical debates, with critics arguing that MrBeastâs actions bear striking similarities to the pump-and-dump tactics commonly seen in the crypto space. This controversy raises questions about transparency and responsibility, especially when high-profile influencers are involved in speculative markets.
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