Jimmy Donaldson, known as MrBeast, has once again found himself in the spotlight following the release of an investigation pointing to his possible manipulations in the cryptocurrency market. According to a report published on October 29, the popular YouTuber may have been involved in several pump-and-dump operations, earning millions at the expense of his followers.
The report mentions over 50 cryptocurrency wallets linked to MrBeast, as well as his alleged Binance account, where he purportedly conducted transactions totaling over $13 million. This revelation raises numerous questions about the transparency of his actions and his accountability to his 320 million subscribers.
Analysts have identified suspicious trading patterns, particularly highlighting a case involving SuperFarm tokens (SUPER). In February 2021, MrBeast reportedly received one million SUPER tokens, which he then sold for approximately $9 million after actively promoting it to his audience. Similar practices have been observed with other cryptocurrencies, including Polychain Monsters and Ethernity Chain.
Discussions on social media have emerged regarding MrBeast's negotiations with other crypto influencers about payment for promoting tokens. The investigation also revealed that MrBeast utilized several cryptocurrency exchanges, including Gemini, for selling tokens, farming, and holding assets. Preliminary estimates of his earnings from these practices amount to at least $10 million.
