Jimmy Donaldson, widely known as MrBeast and one of YouTube’s most influential personalities, is embroiled in a fresh controversy over his alleged involvement in questionable cryptocurrency activities.
On October 29, a detailed investigation by crypto researchers surfaced claims that MrBeast may have been involved in multiple “pump-and-dump” schemes. These operations allegedly allowed him to profit substantially—potentially millions—by influencing the market in ways that may have come at the expense of his followers.
According to the report, over 50 cryptocurrency wallets have been linked to MrBeast, with one account on the Binance exchange alone allegedly handling transactions worth over $13 million. Among the highlighted cases is his involvement with SuperFarm Tokens (SUPER). The investigation suggests that in February 2021, Donaldson received a large sum of SUPER tokens, later selling them for nearly $9 million after promoting the cryptocurrency to his massive following of 320 million.
The pattern repeated with other cryptocurrencies, such as Polychain Monsters and Ethernity Chain, where tokens were reportedly promoted and then quickly sold once their values surged. Researchers estimate that Donaldson may have generated upwards of $10 million from these transactions.
The investigation also uncovered that MrBeast used multiple exchanges, including Gemini, and utilized a range of wallets for holding, trading, and farming tokens, suggesting a strategic approach to his cryptocurrency dealings.
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