Gemini

MrBeast

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James

MrBeast and members of his YouTube influencer circle allegedly profited millions of dollars from questionable crypto deals, according to a group of on-chain investigators.
With 320 million YouTube subscribers, James Stephen “Jimmy” Donaldson, also known as MrBeast, is one of the world’s most prominent social media figures. His massive platform has served as a marketing channel for aspiring and sometimes contentious crypto projects.
Experts from advisory firm Loock.io and blockchain analysts like SomaXBT, who previously accused Donaldson of making $10 million from low-cap tokens, <a href="https://www.loock.io/blog/mrbeast-investigation" target="_blank" rel="noopener noreferrer nofollow">claim</a> MrBeast leveraged his influence to profit from insider trading.
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 Findings suggest a long history of insider trading, misleading investors, and using his influence to promote tokens, only to later dump them on the market.
 Loocke research document
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Researchers, citing on-chain data, identified approximately 50 wallets linked to the YouTube personality. MrBeast has previously disclosed his Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>) address, such as when he purchased a CryptoPunk during the 2021 non-fungible token surge.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/mrbeast-promotes-low-cap-tokens-10m-crypto-watchdog/"> News YouTuber MrBeast earned over $10m promoting low-cap tokens, on-chain crypto investigator says </a>
This disclosure allowed observers to link additional wallets to MrBeast’s network. Multiple addresses also shared the same Gemini exchange deposit address, confirming the YouTuber’s control over the destination of funds.
<h2 class="wp-block-heading" id="mrbeast-s-top-earner">MrBeast’s top earner</h2>
SuperVerse, formerly known as SuperFarm, was one of MrBeast’s largest earnings from various projects, according to Loock’s document.
The project held an initial coin offering, a crypto term for selling tokens at lower prices to raise funds. MrBeast and his network promoted the protocol on platforms like X and YouTube. Although he has since deleted many promotional posts, MrBeast still follows SuperVerse’s page.
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 An investigation into <a href="https://twitter.com/MrBeast?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@MrBeast</a>'s crypto activities and how he profited over $23M from a multitude of scams, shady deals &amp; his network in collaboration with <a href="https://twitter.com/hxnterson?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@hxnterson</a> <a href="https://twitter.com/angelfacepeanut?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@angelfacepeanut</a> <a href="https://twitter.com/somaxbt?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@somaxbt</a> <a href="https://twitter.com/rfparson?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@rfparson</a><a rel="noopener noreferrer nofollow" href="https://t.co/xocBH9X8PM" target="_blank">https://t.co/xocBH9X8PM</a>— Kasper Vandeloock (@KasperLoock) <a href="https://twitter.com/KasperLoock/status/1851579806942458251?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 30, 2024</a>
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SuperVerse’s coin surged 50 times in value after listing, but early investors faced restrictions through legal loopholes. However, MrBeast and his social media associates, including KSI, reportedly profited by selling tokens to SuperVerse supporters.
Loock stated that MrBeast initially invested $100,000 in SuperVerse, yielding approximately $7.5 million. The influencer and his network reportedly earned $10 million, representing nearly half of the total value Donaldson’s circle allegedly gained from promoting controversial crypto projects.
Many mainstream celebrities have strolled into web3, but the cases have often ended in ghost coins and unsuccessful ventures for retail users. This cycle’s “celebrity grift”, as crypto natives say, has largely happened on Solana (<a href="https://crypto.news/price/solana/" target="_blank" rel="noopener noreferrer nofollow">SOL</a>) with memecoins as SOL’s ecosystem <a href="https://crypto.news/solana-recorded-the-highest-daily-active-addresses-ever/" target="_blank" rel="noopener noreferrer nofollow">benefitted</a> from the increased activity.
Popular figures launched 30 SOL meme coins in June alone. As crypto.news <a href="https://crypto.news/30-solana-celebrity-memecoins-launched-in-june-most-are-dead/" target="_blank" rel="noopener noreferrer nofollow">noted</a>, most celebrity projects died off quickly after launch.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/gold-bitcoin-a-hard-money-showdown-in-uncertain-times/"> Gold vs. Bitcoin: A hard money showdown in uncertain times </a>

YouTuber MrBeast allegedly netted $23m from crypto scams

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