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MrBeast uploads community content, pockets over 23 million USD
MrBeast just made waves in the crypto community by pumping 114,483 USDT into Aster. Previously, he was accused of pocketing over 23 million USD through insider trading schemes and market manipulation. Specifically, MrBeast was said to have leveraged his massive influence to create a wave of expectations, causing many retail investors to trust and rush to buy the token. After the price rose to the sky, he quickly sold off, reaping huge profits, while most other investors suffered heavy losses.
This incident has raised many controversies regarding transparency as well as ethics in the cryptocurrency market. It is also a warning for those who only follow trends set by celebrities without thorough research. Investing in crypto always carries high risks, and relying on “sharks” or KOLs can turn a savings into a loss in the blink of an eye.