Crypto Influencer ‘Crypto Beast’ Dumps ALT Token for $11M After Selling to Followers, ZachXBT Exposes

Blockchain investigator ZachXBT has uncovered crypto influencer Crypto Beast for allegedly orchestrating an $11 million token dump on followers.

The investigation revealed that 45 linked insider wallets tied to Crypto Beast offered over $11 million value of ALT tokens on July 14, 2025, inflicting the token’s market cap to crash from $190 million to simply $3 million inside minutes.

ZachXBT’s evaluation traced funding transactions by means of instantaneous exchanges again to a single Celestia blockchain tackle that funded each Crypto Beast’s recognized pockets and the cluster of wallets that dumped ALT tokens on the identical day.

Proof exhibits that Crypto Beast had been “aggressively selling $ALT on X and TG” within the days main as much as the crash, with all promotional posts subsequently deleted after the token’s collapse.

The Dump That Wiped Out Retail Buyers

Crypto Beast started selling ALT in early July 2025, producing sturdy neighborhood curiosity within the Solana-based meme token by means of his substantial social media following.

On July 14, ALT skilled a catastrophic value collapse inside minutes, falling from $0.19 to $0.003 as coordinated promoting stress overwhelmed the token’s liquidity.

ZachXBT’s blockchain evaluation recognized timing correlations between instantaneous alternate transactions from Could by means of July 2025 that linked Crypto Beast’s verified pockets tackle to the insider promoting community.

The investigator documented how the identical Celestia tackle (celestia1ch***s5) funded a number of exchanges, together with KuCoin, Sideshift, Binance, and HTX, to create the linked pockets cluster.

Following the crash, Crypto Beast tried to distance himself from the incident by claiming on social media that “whale snipers” have been liable for the value collapse, whereas concurrently deleting his earlier ALT promotional content material.

Extra wallets linked to the influencer nonetheless maintain 89 million ALT tokens, representing 10% of the full provide, suggesting the potential for future market manipulation, based on ZachXBT’s analysis.

The investigator famous {that a} separate sniper cluster offered $2.6 million value of ALT tokens with ties to ALT’s deployer tackle, however emphasised that Crypto Beast’s linked wallets represented nearly all of the promoting stress.

Crypto Beast briefly deactivated his Twitter account following the publicity, however has since returned with small giveaways to rebuild his follower base, elevating issues about related future schemes.

Influencer Manipulation in Crypto’s Wild West

This revelation provides to a rising record of comparable incidents the place crypto influencers have allegedly profited at their followers’ expense.

ZachXBT’s investigation revealed that Crypto Beast has beforehand been related to different failed token initiatives, together with ALPHA, RICH, YE, RUG, ACE, and JOHN, amongst others.

Comparable patterns have additionally emerged throughout a number of platforms, with influencers like Dave Portnoy just lately producing controversy after profiting $75,000 from meme coin trades whereas his followers suffered losses.

The prevalence of those schemes has led researchers to look at the psychological techniques employed by crypto influencers in exploiting their followers.

Cambridge Professor Alan Jagolinzer’s analysis signifies that these operators exploit social-psychological components, with audiences participating in “self-destructive behaviour to acquire entry or enhance standing” inside influencer communities.

The rise of meme cash on platforms like Solana has created an atmosphere the place low limitations to entry allow speedy token creation and manipulation, with minimal oversight or regulatory intervention.

Nevertheless, business observers have characterised the present market cycle by what some time period a “crime supercycle,” the place conventional market manipulation techniques have develop into more and more normalized inside crypto communities.

ZachXBT concluded his investigation by warning that related schemes will possible proceed, stating that the coordination required to accumulate a big token provide early whereas selling aggressively suggests both direct deployment involvement or collaboration with token creators.

The investigator emphasised that “individuals must cease blindly following influencer calls” and known as for platform accountability, particularly requesting that Twitter take into account suspending accounts concerned in repeated rip-off actions.

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