Many tokens linked to MrBeast's alleged activities have reportedly lost up to 90% of their value;
MrBeast's role in these projects remains unclear, but the crypto community is now questioning the ethics of influencer crypto endorsements
The most-subscribed YouTuber, MrBeast, has found himself at the center of controversy, with claims surfacing that he profited millions through alleged crypto pump-and-dump activities.
Crypto investigator SomaXBT shared some findings on X, suggesting that MrBeast made over $10 million by endorsing and later selling off various low-cap Initial DEX Offering (IDO) tokens promoted by fellow influencers such as Lark Davis, CryptoBanter, and KSI.
The investigator claims that many of these tokens have now lost 90% of their value, with some of them rebranding after massive losses..
In particular, SomaXBT claims that MrBeast invested $100,000 in the SuperFarmDAO project. Using his influence, he allegedly helped boost the value of the project's SUPER SUPER $1.39 token before selling his stakeâhe converted his SUPER holdings into Ether ETH $2,614.94 , routing the funds through multiple wallets and securing over $9 million in profit.
Beyond SuperFarmDAO, MrBeast is also accused of promoting and then selling off tokens from projects like Polychain Monsters PMON $0.1155 , SHOPX SHOPX $0.0042 , Jigstack DAO STAK $0.00000879 , and Virtue Poker VPP $0.0053 .
The full extent of MrBeast's involvement in these alleged pump-and-dump schemes remains unclear, but the accusations have sparked discussion within the crypto community, raising concerns about influencer-backed projects.
