Unmasking MrBeasts Crypto Deals: $10M in Scrutiny
- Popular YouTuber MrBeast faces scrutiny over links to over 50 crypto wallets and potential insider trading accusations.
- Concerns arise that the influencer may have promoted crypto projects (SuperVerse, ERN, etc.) while potentially using insider information for personal gains.
- With millions of followers, MrBeasts alleged actions, if true, could have significant consequences for investors who trusted his recommendations.
Popular internet personality MrBeast is under the spotlight over his involvement in cryptocurrency projects, with allegations of potential insider trading. A new investigation by Loock.io tracks his association with over 50 cryptocurrency wallets and cites on-chain activities that pointed out insider trading and misleading investors.
The investigation shed light on MrBeasts connections to several crypto projects, such as SuperVerse, ERN, Refinable, and SHOPX. It raises concerns that the youtuber may have used his influence to promote these cryptocurrencies while potentially engaging in insider trading for personal gain.
Insider trading refers to using non-public information to make investment decisions for self gain. In the cryptocurrency world, this could involve buying a coin before its publicly announced, knowing it will rise in price due to the announcement.
MrBeast Profits Estimates Range Between $10M-$23M
As per reports, MrBeast could have earned between $10 million and $23 million through these tactics since 2021. SuperVerse (formerly SuperFarm) is one key project under scrutiny, with MrBeast allegedly earning $7.5 million within a month and a total of $11.4 million afterward by selling SUPER tokens he was given in early 2021. He reportedly profited from other tokens, including $4.6 million from Eternity Chain (ERN), $1.7 million from PolyChain Monsters (PMON), and nearly $485,000 from SHOPX.
Mr Beast has not yet responded to the allegations. However, this investigation has sparked a wave of discussion online, with many fans expressing concern and calling for transparency.
With millions of followers worldwide, MrBeast wields significant influence. The allegations, if true, could have serious consequences for investors who trusted his recommendations.
It remains to be seen whether these allegations will be substantiated. However, the investigation raises important questions about the ethics of influencer marketing in the cryptocurrency space.
Read more: https://www.tronweekly.com/mrbeast-10m-in-scrutiny/
Text source: TronWeekly
