Allegations Surface Linking MrBeast to $23 Million Crypto Profits Through Insider Trading Schemes

Sentiment Status: Negative

Investigators highlighted various projects where MrBeast’s participation yielded significant returns. One example is SuperVerse (SUPER), where he reportedly gained over $11.5 million in profits by selling at a market peak, leveraging early access to the tokens.

Popular YouTuber Jimmy “MrBeast” Donaldson is being accused of profiting from crypto trades that allegedly involved insider information and coordinated pump-and-dump schemes. 

Investigations linked MrBeast to a network of over 50 cryptocurrency wallets, tracing a pattern of purchasing tokens before public launches, promoting them, and then selling off assets at peak market prices. 

These wallets reportedly exhibit a recurring pattern: tokens would flow from project teams into a primary wallet linked to MrBeast, and from there, it’s distributed to subsidiary wallets that would strategically sell at peak prices. The largest earnings reportedly stemmed from the SuperVerse token, where coordinated sales generated $7.5 million in profit as prices surged before a 99% crash. Furthermore, blockchain researchers estimate his profits to exceed $23 million from 2021 to 2024.

Investigators detailed several projects where MrBeast’s involvement had important returns, including SuperVerse (SUPER), where he reportedly amassed over $11.5 million in profits by selling during a market high, thanks to early access to tokens. In the case of Ethernity Chain (ERN), his network gained another $4.6 million through pre-launch token allocations. Additionally, smaller investments in projects like AIOZ, SHOPX, and PolyChain Monsters (PMON) added up to hundreds of thousands in profits before these tokens sharply depreciated, ultimately leaving many retail investors at a loss.

The evidence increasingly points to coordinated efforts between MrBeast and a network of fellow influencers, including notable names like KSI and Alex Becker. This group allegedly participated in similar trading patterns, each promoting tokens before quickly selling off their holdings.

The timing of these trades suggests a calculated exit from each project before major price declines. The resulting price crashes led to losses of 95–99% for many tokens, leaving retail investors in the crypto community devastated.

 This trend of high-profile figures promoting tokens before selling sparked debates over the ethical responsibilities of crypto influencers.

The investigation describes a sophisticated approach to wallet management. MrBeast’s primary wallet allegedly funneled tokens to a web of associated wallets, handling specific transactions for gradual sell-offs. The analysis reveals frequent deposits to exchanges such as Binance and Gemini, connecting multiple wallets under common deposit addresses. 

While the investigation unfolds, many are calling for more transparency from influencers involved in crypto promotions. The situation has also drawn attention to the issues of regulatory oversight in cryptocurrency, as the lack of established frameworks allows for practices that would otherwise be considered insider trading in traditional finance.