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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.

🔥 I studied the Runes swap feature of @RichSwap_REE, and technically, I would call it a prime example of the application of smart contract capabilities on the Bitcoin mainnet! From a business perspective, it represents a significant step in unlocking the imagination for DeFi on Bitcoin! 🚀 I've dug into @RichSwap_REE's Runes swap feature, and it's a prime example of what smart contract capabilities can do on the Bitcoin mainnet! It's an even bigger leap forward in unlocking the imagination for DeFi on Bitcoin. It's important to know that other AMMs on the BTC mainnet have only two ways to achieve Rune swaps: 1️⃣ Create RunesA ↔ RunesB pools (which leads to severe liquidity fragmentation) 2️⃣ Execute two transactions on the backend: first swap RunesA for BTC, then swap BTC for RunesB (high cost and significant MEV attack risk). 💡 RichSwap's Runes swap: it can embed and execute two independent swap tasks within a single PSBT on the Bitcoin mainnet, completing the exchange from RunesA to RunesB in one UTXO transaction. ✅ It can be completed in a single transaction, with low costs and no MEV attack risk. --- For context, other AMMs on the BTC mainnet have only two ways to handle Rune-to-Rune swaps: 1️⃣ Create direct RunesA ↔ RunesB pools, which leads to severe liquidity fragmentation. 2️⃣ Execute two separate transactions on the backend: first swapping RunesA to BTC, and then BTC to RunesB. This results in high costs and exposure to MEV attacks. 💡 RichSwap's Rune-to-Rune swap embeds and executes two independent swap tasks within a single PSBT. This completes the entire RunesA to RunesB exchange in one atomic on-chain transaction. ✅ The result: a single transaction, lower costs, and zero MEV risk. Taking the example of directly swapping $IWC for $RICH Rune: 🔗 We see that the PSBT contains a complete set of transaction intentions: two independent intentions that need to be executed by the RichSwap smart contract: 🔸 Intention [0]: swap 0.193 $IWC to 0.00018562 $BTC. 🔸 Intention [1]: swap 0.00018562 BTC to 71,074.6 $RICH. These two intentions clearly define the complete path from RUNE_A → BTC → RUNE_B, all executed within a single standard UTXO transaction. 💡 This is not a simple case of "waiting for the first transaction to confirm before initiating the second." 💡 Instead, it is based on the DPS (Decentralized PSBT Signing) architecture of REE (Runes Exchange Environment). 💡 It achieves multiple, ordered, stateful transaction logic within the UTXO model. For a clearer, code-level process, check out @musinoot's share ⬇️ This feature profoundly demonstrates how REE grants powerful programmability to the Bitcoin mainnet without altering its core consensus, achieving atomic composability—a feat traditionally considered difficult on the UTXO model. To learn more about REE, check out this article ⬇️ --- 💡 Looking ahead, this points to at least two clear trends: 1️⃣ The adoption of stablecoins in the Bitcoin ecosystem will come faster. RichSwap's Rune swap feature is perfectly suited for stablecoins like USDC. 2️⃣ The true composability of BTCFi is about to arrive: today it's the combination of two pools; tomorrow it could be a "lend + swap + stake" trio, all executed in a single transaction. The unique BTCFi applications within the Bitcoin ecosystem are accelerating, and we look forward to it.

Jeni learned that the crypto influencer Crypto Beast has been exposed for manipulating the ALT crash event, involving cashing out over $11 million. Issuing tokens, calling trades, insider information, and rug pulls—this feels like an open secret in on-chain PVP, right? It all comes down to how fast the followers run; those who run fast get the soup, and those who run slow, congratulations, you are the liquidity.

🔥 I studied the Runes swap feature of @RichSwap_REE, and technically, I would call it a prime example of the application of smart contract capabilities on the Bitcoin mainnet! From a business perspective, it represents a significant step in unlocking the imagination for DeFi on Bitcoin! 🚀 I've dug into @RichSwap_REE's Runes swap feature, and it's a prime example of what smart contract capabilities can do on the Bitcoin mainnet! It's an even bigger leap forward in unlocking the imagination for DeFi on Bitcoin. It's important to know that other AMMs on the BTC mainnet have only two ways to achieve Rune swaps: 1️⃣ Create RunesA ↔ RunesB pools (which leads to severe liquidity fragmentation) 2️⃣ Execute two transactions on the backend: first swap RunesA for BTC, then swap BTC for RunesB (high cost and significant MEV attack risk). 💡 RichSwap's Runes swap: it can embed and execute two independent swap tasks within a single PSBT on the Bitcoin mainnet, completing the exchange from RunesA to RunesB in one UTXO transaction. ✅ It can be completed in a single transaction, with low costs and no MEV attack risk. --- For context, other AMMs on the BTC mainnet have only two ways to handle Rune-to-Rune swaps: 1️⃣ Create direct RunesA ↔ RunesB pools, which leads to severe liquidity fragmentation. 2️⃣ Execute two separate transactions on the backend: first swapping RunesA to BTC, and then BTC to RunesB. This results in high costs and exposure to MEV attacks. 💡 RichSwap's Rune-to-Rune swap embeds and executes two independent swap tasks within a single PSBT. This completes the entire RunesA to RunesB exchange in one atomic on-chain transaction. ✅ The result: a single transaction, lower costs, and zero MEV risk. Taking the example of directly swapping $IWC for $RICH Rune: 🔗 We see that the PSBT contains a complete set of transaction intentions: two independent intentions that need to be executed by the RichSwap smart contract: 🔸 Intention [0]: swap 0.193 $IWC to 0.00018562 $BTC. 🔸 Intention [1]: swap 0.00018562 BTC to 71,074.6 $RICH. These two intentions clearly define the complete path from RUNE_A → BTC → RUNE_B, all executed within a single standard UTXO transaction. 💡 This is not a simple case of "waiting for the first transaction to confirm before initiating the second." 💡 Instead, it is based on the DPS (Decentralized PSBT Signing) architecture of REE (Runes Exchange Environment). 💡 It achieves multiple, ordered, stateful transaction logic within the UTXO model. For a clearer, code-level process, check out @musinoot's share ⬇️ This feature profoundly demonstrates how REE grants powerful programmability to the Bitcoin mainnet without altering its core consensus, achieving atomic composability—a feat traditionally considered difficult on the UTXO model. To learn more about REE, check out this article ⬇️ --- 💡 Looking ahead, this points to at least two clear trends: 1️⃣ The adoption of stablecoins in the Bitcoin ecosystem will come faster. RichSwap's Rune swap feature is perfectly suited for stablecoins like USDC. 2️⃣ The true composability of BTCFi is about to arrive: today it's the combination of two pools; tomorrow it could be a "lend + swap + stake" trio, all executed in a single transaction. The unique BTCFi applications within the Bitcoin ecosystem are accelerating, and we look forward to it.