Get ready for a wild ride in the world of crypto and YouTube stardom! The buzz is all about MrBeast, the famous YouTuber, who’s been linked to a staggering $23 million in profits from some eyebrow-raising cryptocurrency trades. And the whispers of insider trading are echoing through the crypto sphere.
A crew of digital detectives from Loock.io has been piecing together a puzzle that suggests MrBeast and his social media squad might have been cashing in big time by hyping up certain crypto tokens. The tokens in the spotlight? SuperVerse (SUPER) topping the charts with $11.45 million in profits, followed by Ethernity Chain (ERN), Polkamon (PMON), STAK, and AIOZ, all making a splash in the profit pool.
With about 50 crypto wallets allegedly tied to MrBeast’s empire, these sleuths managed to trace the money trail using a public Ethereum wallet that’s been busy buying NFTs. This detective work brought to light some rapid buy-and-sell action, leaving investors to wonder if they’ve been left holding the bag.
One of the standout moves? A wallet linked to MrBeast flipped a $25,000 investment in PMON into a cool $1.3 million. Talk about turning a small fry into a big fish! And it’s not just PMON; the ERN token saga saw some serious wallet-juggling that netted MrBeast a tidy $2.97 million profit, with a little stash still in his pocket.
SuperVerse turned out to be another golden goose for MrBeast. A $100,000 gamble reportedly turned into a whopping $7.5 million payday. And it seems like he wasn’t playing solo; his influencer buddies, including KSI, allegedly joined the party, collectively taking home around $10 million by rallying their followers to jump on the crypto bandwagon.
But here’s the kicker: this isn’t an isolated tale. It reflects a bigger trend where celebs dive into the crypto scene, often leaving everyday investors in a pickle. The meme coin mania on the Solana (SOL) network is a prime example, with over 30 meme coins sprouting up in June, only to see their values nosedive by 94% on average. Even the top dogs couldn’t escape the slump, with more than half of them crashing by over 99% since their debut.
Stay tuned, folks. In the fast-paced world of crypto and influencers, you never know what’s around the corner!
