Crypto Beast Returns After $ALT Crash, ZachXBT Probes

Key Points

1. Crypto Beast was accused of manipulating the $ALT token, causing its price to drop from $0.19 to $0.003, a 97% decline, wiping out over $190M in value.

2. On-chain investigator ZachXBT traced 45 wallets linked to Crypto Beast, which collectively sold over $11M in $ALT tokens during the crash.

3. Crypto Beast's wallets held 3% of the total $ALT supply, a significant amount for a small token, exacerbating the price crash due to lack of buyers.

4. The manipulation was traced through wallet addresses linked to Crypto Beast, with coordinated sell-offs on platforms like Binance.

5. Crypto Beast has reactivated his X account under a new handle (@realcryptoelio), raising concerns about influencer ethics and regulatory gaps in crypto.