YouTube entertainer MrBeast, who has over 320 million followers, is facing scrutiny after an on-chain investigation revealed that he potentially earned millions from low-cap cryptocurrencies. The investigation alleges that MrBeast backed Initial DEX Offerings (IDOs) for projects like Polychain Monsters and Virtue Poker, promoting the tokens to his followers and selling them after their value surged. This has raised concerns about pump-and-dump schemes and the negative impact on regular investors. The anonymous crypto investigator, SomaXBT, used on-chain data to trace MrBeast's involvement in various projects and highlighted the risks associated with influencer-backed token promotions. The investigation also revealed significant earnings from tokens like SuperFarm, Polychain Monsters, SPLYT, STAK, and Virtue Poker. Many of these projects have reportedly faced major devaluations since.



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