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Cryptocurrency News Articles

YouTube Star MrBeast Made Headlines in 2021 Not Just for His Viral Videos but for a Bold Entry Into the Crypto World

Oct 31, 2024 at 11:26 pm

Reports from Arkham Intelligence suggest he invested around $250,000 in cryptocurrency tokens, including Polkamon (PMON) and SuperVerse (SUPER).

YouTube Star MrBeast Made Headlines in 2021 Not Just for His Viral Videos but for a Bold Entry Into the Crypto World

YouTube sensation MrBeast, known for his elaborate stunts and philanthropy, made waves in the crypto scene in 2021 with a reported venture that yielded millions in profits.

According to Arkham Intelligence, MrBeast dropped around $250,000 on various cryptocurrency tokens, including Polkamon (PMON) and SuperVerse (SUPER).

But here's the twist: shortly after making these investments, MrBeast's wallet allegedly cashed out with a staggering $13 million in profits.

One striking trade involved a $25,000 investment in the Polkamon meme coin. Thanks to the rapid value surge, MrBeast was able to trade his tokens for a jaw-dropping $1.3 million.

While MrBeast himself hasn't directly confirmed these trades, the timing and the astronomical profits certainly raised eyebrows. Around the same time, MrBeast tweeted, "I bought this one," hinting at his involvement in one of these investments.

This sparked public attention and concern, especially as the wallet linked to MrBeast is also connected to several investment firms that have been linked to pump-and-dump schemes.

In these schemes, influencers like MrBeast promote a coin to boost its value, and then sell off their holdings once the price peaks, often leaving everyday investors with losses.

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Other articles published on Nov 14, 2024