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Blockchain investigator ZachXBT has exposed crypto influencer Crypto Beast for allegedly orchestrating an $11 million token dump on followers. The investigation revealed that 45 connected insider wallets tied to Crypto Beast sold over $11 million worth of ALT tokens on July 14, 2025, causing the token’s market cap to crash from $190 million to just $3 million within minutes. ZachXBT’s analysis traced funding transactions through instant exchanges back to a single Celestia blockchain address that funded both Crypto Beast’s known wallet and the cluster of wallets that dumped ALT tokens on the same day. 1/ An investigation into how @cryptobeastreal scammed followers by lying they were not behind the $190M -> $3M $ALT market cap crash where 45+ connected insider wallets sold $11M+ on July 14, 2025. pic.twitter.com/AmnY1xux7a— ZachXBT (@zachxbt) July 22, 2025 Evidence shows that Crypto Beast had been “aggressively promoting $ALT on X and TG” in the days leading up to the crash, with all promotional posts subsequently deleted after the token’s collapse. The Dump That Wiped Out Retail Investors Crypto Beast began promoting ALT in early July 2025, generating strong community interest in the Solana-based meme token through his substantial social media following. On July 14, ALT experienced a catastrophic price collapse within minutes, falling from $0.19 to $0.003 as coordinated selling pressure overwhelmed the token’s liquidity. 1/ An investigation into how @cryptobeastreal scammed followers by lying they were not behind the $190M -> $3M $ALT market cap crash where 45+ connected insider wallets sold $11M+ on July 14, 2025. pic.twitter.com/AmnY1xux7a— ZachXBT (@zachxbt) July 22, 2025 ZachXBT’s blockchain analysis identified timing correlations between instant exchange transactions from May through July 2025 that connected Crypto Beast’s verified wallet address to the insider selling network. The investigator documented how the same Celestia address (celestia1ch***s5) funded multiple exchanges, including KuCoin, Sideshift, Binance, and HTX, to create the connected wallet cluster. Following the crash, Crypto Beast attempted to distance himself from the incident by claiming on social media that “whale snipers” were responsible for the price collapse, while simultaneously deleting his previous ALT promotional content. Additional wallets linked to the influencer still hold 89 million ALT tokens, representing 10% of the total supply, suggesting the potential for future market manipulation, according to ZachXBT’s research. The investigator noted that a separate sniper cluster sold $2.6 million worth of ALT tokens with ties to ALT’s deployer address, but emphasized that Crypto Beast’s connected wallets represented the majority of the selling pressure. Crypto Beast temporarily deactivated his Twitter account following the exposure, but has since returned with small giveaways to rebuild his follower base, raising concerns about similar future schemes. 1/ An investigation into how @cryptobeastreal scammed followers by lying they were not behind the $190M -> $3M $ALT market cap crash where 45+ connected insider wallets sold $11M+ on July 14, 2025. pic.twitter.com/AmnY1xux7a— ZachXBT (@zachxbt) July 22, 2025 Influencer Manipulation in Crypto’s Wild West This revelation adds to a growing list of similar incidents where crypto influencers have allegedly profited at their followers’ expense. ZachXBT’s investigation revealed that Crypto Beast has previously been associated with other failed token projects, including ALPHA, RICH, YE, RUG, ACE, and JOHN, among others. Similar patterns have also emerged across multiple platforms, with influencers like Dave Portnoy recently generating controversy after profiting $75,000 from meme coin trades while his followers suffered losses. 1/ An investigation into how @cryptobeastreal scammed followers by lying they were not behind the $190M -> $3M $ALT market cap crash where 45+ connected insider wallets sold $11M+ on July 14, 2025. pic.twitter.com/AmnY1xux7a— ZachXBT (@zachxbt) July 22, 2025 The prevalence of these schemes has led researchers to examine the psychological tactics employed by crypto influencers in exploiting their followers. Cambridge Professor Alan Jagolinzer’s research indicates that these operators exploit social-psychological factors, with audiences engaging in “self-destructive behaviour to obtain access or increase status” within influencer communities. The rise of meme coins on platforms like Solana has created an environment where low barriers to entry enable rapid token creation and manipulation, with minimal oversight or regulatory intervention. However, industry observers have characterized the current market cycle by what some term a “crime supercycle,” where traditional market manipulation tactics have become increasingly normalized within crypto communities. ZachXBT concluded his investigation by warning that similar schemes will likely continue, stating that the coordination required to acquire a large token supply early while promoting aggressively suggests either direct deployment involvement or collaboration with token creators. The investigator emphasized that “people need to stop blindly following influencer calls” and called for platform accountability, specifically requesting that Twitter consider suspending accounts involved in repeated scam activities. The post Crypto Influencer ‘Crypto Beast’ Dumps ALT Token for $11M After Promoting to Followers, ZachXBT Exposes appeared first on Cryptonews.

Original author: Fairy, ChainCatcher Original editor: TB, ChainCatcher Another trading scandal has surfaced, this time with Crypto Beast. A big KOL with nearly 800,000 followers is shouting orders to create momentum while pulling, shipping, and harvesting. On July 14, Crypto Beast's promoted token Altcoin (ALT) plummeted from $0.19 to $0.003, wiping out nearly $190 million in market value in just a few hours, and 45 wallets associated with him on the chain sold off simultaneously, cashing out a total of more than $11 million. This article will review the complete process of this harvest event and reveal the truth behind it. ALT Crash: Crypto Beast's Manipulation Mystery From skyrocketing to plummeting, it took only five days. On July 9, Crypto Beast began to intensively promote ALT on X and Telegram. He described the token as the "next hundredfold" and "multi-billion dollar market cap potential," with a gradual pull-up rhythm that constantly creates FOMO sentiment in the market. On July 12, the pull action accelerated significantly, and in just two days, $ALT skyrocketed from $0.039 to $0.19, a nearly 4x increase, attracting more retail investors to flock in. On July 14, the harvest officially began. In just 4 hours, $ALT cascaded to $0.003, a whopping 94% drop, almost zero. Source: coingecko On-chain detective ZachXBT conducted an in-depth investigation and uncovered the true face of the entire operation through a wallet address previously disclosed by Crypto Beast. The wallet was initially funded through an instant exchange. ZachXBT further conducted a time-correlation analysis of the fund flow path, ultimately tracing it to a key Celestia address: celestia1chflqywwp0k8rjzgp3w4447fquyk9ynnc6zws5 The investigation revealed that the address had sent small amounts of funds to multiple instant exchange platforms (such as KuCoin Nested, SideShift, Binance Nested, HTX Nested, etc.) between May and July 2025 to fund "side wallets". These side wallets are not unrelated accounts, but "bundled wallet clusters" that ZachXBT has confirmed through on-chain analysis. They simultaneously sold $ALT on July 14, cashing out more than $11 million in total. Here is the table of instant swap transactions for Celestia to Solana that it identified through time analysis: In addition to these 45+ wallets highly tied to Crypto Beast funds, there is also an independent "sniper cluster" that has sold more than $2.6 million, which is related to the $ALT deployer. But in terms of influence and funding scale, Crypto Beast seems to be the protagonist. Presently. There are still multiple wallets related to Crypto Beast holding more than 89 million $ALT, accounting for about 10% of the total supply. After the incident, Crypto Beast has deleted tweets promoting ALT and logged out of their X account. ZachXBT pointed out that this is not the first time Crypto Beast has done this, as he has used a similar "bundled pull-out cash-out" model in many previous projects, including $ALPHA, $RICH, $YE, $RUG, $ACE, and $JOHN, and many early followers have suffered heavy losses as a result. KOLs who "collapsed" in those years Crypto Beast's approach is not an isolated case, but a microcosm of the "trading script" that is common in the Web3 world. With a huge number of fans and influence, KOLs can often easily set off a round of hype, but behind the scenes, they may be deeply bound to the deployer and initial coin holders, quietly sweeping away retail investors. In the past few years, ZachXBT has revealed several similar harvesting cases: BitBoy (Ben Armstrong): A well-known crypto YouTuber who has been charging "soft fees" for projects for a long time to promote Air Coin and Altcoins, and has promoted runaway tokens such as MYX, DISTX, ETHY, LOCK, etc. Logan Paul: A well-known influencer boxer who used his wallet to buy low-priced tokens or NFTs in advance, and sold them at a high price after promoting them on social media. Lark Davis: 1.4 million followers, frequently recommending low-cap projects to fans, followed by rapid sell-offs, including tokens such as SHOPX, DOWS, UMB, etc. Laurent Correia: A well-known French Internet celebrity and reality TV star, he operates the NFT project "Billionaire Dogs Club" and runs away as a team within a week of release. The tragic collapse of ALT to zero within four hours is just an "ordinary" "cutting leeks" script in the Web3 world. Projects can collapse, characters can collapse, but lessons must be remembered.