TLDR:
- Investigation alleges YouTuber MrBeast operated 50+ crypto wallets in sophisticated trading scheme
- Blockchain data shows pattern of early token acquisitions followed by coordinated sells
- Total profits estimated at $23M from multiple crypto projects during 2021-2024
- Connected wallets show ties to other influencers including KSI and Alex Becker
- Most promoted tokens dropped 95-99% in value after peak sales periods
A new blockchain investigation has pulled back the curtain on YouTube star MrBeast’s cryptocurrency activities, revealing an intricate network of over 50 wallets that allegedly generated more than $23 million in trading profits between 2021 and 2024.
The report, produced by crypto research firm Loock.io with support from multiple blockchain analysts, maps out a pattern of strategic token acquisitions and sales across dozens of cryptocurrency projects. At the center of the investigation is MrBeast’s primary wallet, identified through his public NFT purchases and verified token allocations.
Blockchain data reviewed by researchers shows MrBeast, whose real name is Jimmy Donaldson, received substantial pre-launch token allocations from multiple crypto projects. These tokens were typically distributed across a network of secondary wallets before being sold during price peaks.
The largest profits came from involvement with SuperVerse, previously known as SuperFarm. Records show MrBeast received 1 million tokens before public trading began. Through a series of coordinated sales across multiple wallets, these holdings generated approximately $7.5 million in profit as prices rose.
A similar pattern emerged with Ethernity Chain (ERN), where connected wallets received early token allocations. Sales of ERN tokens across multiple addresses netted around $4.6 million in profit. The investigation documented comparable activities across other projects including AIOZ ($1 million profit) and SHOPX ($484,000 profit).
Technical analysis reveals sophisticated trade timing, with most sales occurring during periods of high market liquidity. Many of the token sales coincided with promotional activities from MrBeast’s network of fellow content creators and crypto figures.
One wallet labeled “BobbieDigital” emerged as a key hub in the operation. This address regularly received large token transfers from MrBeast’s main wallet before distributing them across other addresses for coordinated sales.
The investigation identified clear connections to other social media influencers, particularly KSI and Alex Becker, who showed similar trading patterns across many of the same projects. When these associates would promote specific tokens, blockchain data shows increased selling activity across the connected wallet network.
Researchers traced regular interactions with major crypto exchanges, especially Gemini and Binance. Many of the identified wallets shared common deposit addresses, helping confirm their connections to the broader network.
Projects like PlayMetaGods and MetaWars heavily featured MrBeast as an investor in their marketing materials. While blockchain data shows he received token allocations from these projects, records indicate he did not sell these particular holdings.
The majority of profitable trades occurred during the 2021 crypto bull market, though some wallet activity continues through 2024. Several addresses still hold unsold token allocations from various projects.
Most tokens connected to the trading activity experienced dramatic price declines after peak selling periods. Ethernity Chain dropped 95% from its high, while SuperVerse fell over 99%. SHOPX declined 99.85% from its peak trading price.
Blockchain data shows intricate fund movements between wallets. A common pattern involved initial token receipts in the main wallet, transfers to secondary addresses for gradual selling, and eventual consolidation of profits in exchange deposit addresses.
The investigation documented use of multiple wallet types, from publicly known addresses used for NFT purchases to more obscure wallets that handled token sales. Many addresses showed similar trading patterns, often selling holdings during periods of peak market interest.
Research revealed regular percentage-based payments to addresses associated with trading operators, suggesting a coordinated team handling different aspects of the operation. One wallet linked to a trader known as “jaggedsoft” regularly received 1% fees after major selling operations.
Analytics show most token sales occurred in small increments rather than large single transactions, indicating efforts to minimize market impact. This technique, combined with the use of multiple wallets, helped maintain higher sale prices across longer periods.
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