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Saw this investigation drop and it's honestly wild. Turns out MrBeast—yeah, the YouTube guy with 200+ million subscribers—allegedly made over $10 million running what basically looks like textbook pump-and-dump schemes on low-cap crypto tokens. And the receipts are on-chain.
SomaXBT did a deep dive using wallet data and found a pattern that's hard to ignore. MrBeast would get into private token sales early, invest relatively small amounts, then dump massive quantities once the price spiked after he promoted them publicly. Classic move.
Let's break down the numbers. SuperFarm ($SUPER) was the biggest score. He threw in $100k, got 1 million tokens, and then offloaded them for roughly $3.7 million. But wait, there's more—he got additional tokens through vesting and sold those for another $5.5 million. Total haul from that one project alone? Around $9 million. SUPER is now sitting at like $0.10, down 75% from its peak. That's rough for anyone who bought the hype.
Polychain Monsters ($PMON) followed a similar playbook. $25k in, 25k tokens received, then transferred to a separate wallet where they got dumped in 485 trades for 685 ETH (about $1.3 million at the time). He made another $1.7 million total from that one. PMON is now trading at $0.02.
Then there's SPLYT ($SHOPX)—another $25k investment that turned into $765k. He's still holding 177k SHOPX tokens, which are basically worthless now. $STAK brought in $1.25 million. Virtue Poker ($VPP) was different; he literally gambled his way into 600k tokens, sold 200k for profit, and is sitting on 400k more.
The pattern here is what makes this whole thing look like a textbook scam. Low-cap tokens pump when celebrity influencers hype them. Retail investors FOMO in. Then the insiders—who got cheap allocations—dump their bags at the peak. Prices crater 90%+. Rinse, repeat.
What's interesting is this isn't even new. We saw Andrew Tate and Iggy Azalea get caught doing similar stuff earlier. The crypto space has a tendency to attract this kind of behavior, especially with low-cap tokens where market manipulation is easier to pull off.
The MrBeast scam allegations really highlight how influencer culture and crypto can be a dangerous mix. When you have that much reach and that much financial incentive, the temptation to exploit it is real. Makes you think twice about who you're following for investment advice.