#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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MrBeast is accused of "getting rich" by pumping and dumping tokens with low market capitalization, worth tens of millions of USD.
The investigation reveals that MrBeast made tens of millions of dollars from shilling low-cap tokens, and is accused of being involved in pump dump token schemes.
MrBeast is accused of "getting rich" by pumping and dumping tokens with low market capitalization, worth tens of millions of USD.![]()
According to an investigation conducted by on-chain analyst @somaxbt, YouTube star Jimmy Donaldson (also known as MrBeast) is accused of making more than 10 million USD by "shilling" to drive up the token price, and then "dumping" to profit from a series of low-cap crypto projects.
The projects implicated in this on-chain investigation include SuperFarm (SUPER), Polychain Monsters (PMON), SPLYT (SHOPX), Virtue Poker (VPP), and several other projects, as the tokens of these projects have experienced a "dump" after each MrBeast's sell-off - a behavior commonly referred to as a "pump and dump" scheme by traders in the field.
Through a series of tweets on the X platform, which was announced by SomaXBT on October 11, 2024, this analyst claims to have traced MrBeast's on-chain activities based on the wallet address labeled with the same name on the Arkham Intelligence tool. There is evidence that MrBeast has invested a small amount of capital in tokens through private agreements such as Initial DEX Offerings (IDO) to "get rich".
One of the most prominent cases is the SuperFarm project (now renamed SuperVerse - token code SUPER) backed by the account @elliotrades.
According to SomaXBT, MrBeast has invested $100,000 in this project and received 1 million SUPER tokens. Immediately after the announcement of the investment with the participation of this well-known YouTuber, the token price has skyrocketed.
On March 30th, 2021, MrBeast was said to have transferred his SUPER token to a secondary wallet, where they were dumped through a series of trades, earning a total of 1,900 ETH (valued at approximately $3.7 million at the time).
Not stopping there, later on MrBeast also received a large amount of SUPER according to the token release schedule from the project, and then sold them to "pocket" an additional 5.5 million USD, bringing the amount earned from this SuperVerse project to about 9 million dollars.
Next, SomaXBT also mentioned MrBeast's participation in another low market cap project, Polychain Monsters (now renamed Protocol Monsters - PMON token code). In this case, MrBeast is said to have "invested" $25,000 and received 25,000 PMON tokens.
As of 31/03/2021, MrBeast's wallet is believed to have transferred the PMON tokens to another wallet, where they were 'dumped' through a series of transactions totaling up to 685 ETH (approximately 1.3 million USD at that time).
Similar to SuperVerse (SUPER), MrBeast also received a PMON token vesting according to the initial agreement in the following period. The Protocol Monsters deal helped this YouTuber "pocket" about 1.7 million USD.
A photo of the 'take profit' transactions of Youtuber MrBeast's PMON token according to Arkham data. Source: SomaXBT![Image]()
The investigation also details MrBeast's involvement in the projects SHOPX (SHOPX token), Jigstack (STAK), Virtue Poker (VPP), with a total amount of over 2 million USD received after the sale of these tokens.
It is noteworthy that before selling the above-mentioned tokens, MrBeast - a person with significant influence and a 'huge' number of followers - often comments on the project's posts, causing the token price to 'surge' at that time. However, shortly after, all tokens experienced a 'collapse', leading small investors to bear the sharp decline as the token prices plummeted.
In particular, the time when the token plummeted again "coincidentally" occurred immediately after on-chain data showed MrBeast wallet address selling these tokens. For example, SUPER is currently down 75% from its ATH, even tokens like PMON or SHOPX are even more "embarrassing" when the chart "goes underground".
Statistically, only in 2021, with 5 crypto projects of low market capitalization, the total amount of money Youtuber MrBeast received from selling the mentioned tokens reached about 12.7 million USD. This calculation is based only on the recorded data, and it is not clear how many projects this KOL is involved in from 2022 to the present to "pocket" a huge amount of money!
The "bottomless" price chart of PMON token from Protocol Monster project (formerly Polychain Monsters) captured on the evening of October 14, 2024 on CoinGecko.![]()
This phenomenon is not new in the crypto space, especially earlier this year when influential/famous people like Ansem, Andrew Tate, Iggy Azalea, Cardi B... were all found to be involved in market manipulation activities through token 'pump and dump'.
According to SomaXBT, the information provided has not been guaranteed to be accurate, as this analyst only traces data based on the wallet address of MrBeast identified by Arkham Intelligence. The credibility of this tool is indisputable in the crypto field, but the platform has not clearly articulated the criteria for evaluating accuracy, as well as the credibility of the information source. Therefore, the content in this article does not assert the facts but aims to provide information to the readers.
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