Jimmy Donaldson is as close as one gets to being mega-famous. Popularly known by his YouTube moniker, “Mr. Beast,” the content creation star is one of the world’s biggest philanthropists. 

The man is no stranger to the news, whether controversial or not. Still, recently, he has been the subject of one giant scandal that has left people wondering whether he might be a beast and not the angel philanthropy many people think he is.

After looking at his alleged cryptocurrency dealings, many Blockchain analysts have claimed that Mr Beast has perpetrated a crypto “pump and dump” scheme through his activities with many unpopular crypto tokens and that he could have potentially profited off many of his followers. 

A detailed analysis of what is thought to be Donaldson’s crypto activities provided by Loock shows that Mr Beast may have perpetrated not just one but a series of different pump-and-dump schemes that have potentially led to his followers getting ripped off. 

Lookonchain, the blockchain analysis platform, alleges that Mr Beast has earned over $23 million in these crypto endeavors being linked to him. 

The reports show that Donaldson earned this amount through trading multiple low-cap cryptocurrencies, endorsing these tokens to his large audience, and then selling his holdings right off during the peak liquidity periods. The reports claim that he perfectly timed his sales to be in sync with all of his promotional efforts.

Mr Beast is now being accused of insider trading, misleading investors, and engaging in pump-and-dump schemes. The YouTube star has also been identified with 50 crypto wallets, from which he has allegedly earned over $23 million. 

Still on the wallets, reports from Binance have also shown that Donaldson engaged in many big-money transactions with single transactions of over $13 million. 

Some tokens Mr Beast was allegedly involved in include SuperFarm Tokens (SUPER). He is believed to have received 1 million SUPER tokens and sold them for $9 million after promoting them to his loyal and vast fanbase. 

Other tokens he is said to be involved with include PolyChain Monsters and Ethernity Chain, which he supposedly used similarly to the SUPER token. 

Many are convinced he is using exchanges such as Gemini for illicit activities. However, apart from the pump and dump schemes, investigators are of the opinion that Donaldson managed numerous wallets for token selling, farming, and holding. It is presumed that this activity has helped him amass at least %10 million across those wallets.

While the entire thing is still largely based on allegations, this would not be the first time a celebrity would be alleged to be responsible for a pump-and-dump scheme. Celebrities are usually the perfect group to carry out these types of scams because of their influence over many people in their fanbase, and Mr Beast has one of the largest ever.

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