Crypto Influencer ‘Crypto Beast’ Dumps ALT Token for $11M After Promoting to Followers, ZachXBT Exposes
Main Idea
Crypto influencer 'Crypto Beast' allegedly dumped $11M worth of ALT tokens after promoting them, causing a market crash, as exposed by blockchain investigator ZachXBT.
Key Points
1. ZachXBT traced 45 connected wallets linked to Crypto Beast that sold $11M in ALT tokens on July 14, 2025, crashing the token's market cap from $190M to $3M.
2. Crypto Beast aggressively promoted ALT on social media before the dump, then deleted all related posts after the crash.
3. The coordinated selling pressure caused ALT's price to drop from $0.19 to $0.003 in minutes, wiping out retail investors.
4. Additional wallets linked to Crypto Beast still hold 89M ALT tokens, raising concerns about further market manipulation.
5. ZachXBT has previously exposed similar influencer-led schemes involving tokens like ALPHA, RICH, and YE, highlighting the lack of oversight in crypto markets.
Description
Blockchain investigator ZachXBT has exposed crypto influencer Crypto Beast for allegedly orchestrating an $11 million token dump on followers. The investigation revealed that 45 connected insider wallets tied to Crypto Beast sold over $11 million worth of ALT tokens on July 14, 2025, causing the token’s market cap to crash from $190 million to just $3 million within minutes. ZachXBT’s analysis traced funding transactions through instant exchanges back to a single Celestia blockchain address that...
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