YouTuber MrBeast Accused of Earning $10M from Token Pump-and-Dump Schemes
The post YouTuber MrBeast Accused of Earning $10M from Token Pump-and-Dump Schemes appeared first on Coinpedia Fintech News
YouTuber Jimmy Donaldson, known as MrBeast, has been accused of earning over $10 million through low-cap token promotions and alleged pump-and-dump schemes. An investigation by SomaXBT revealed MrBeast’s involvement in projects like SuperFarm ($SUPER) and Polychain Monsters ($PMON), where he reportedly promoted tokens, sold them during price surges, and profited significantly. These tokens later plummeted, with some dropping over 90%. Critics highlight the ethical concerns of such actions, suggesting MrBeast’s involvement mirrors classic pump-and-dump tactics seen in the crypto world.
