YouTube personality Jimmy Donaldson, also known as MrBeast , has been linked to new cryptocurrency activity after depositing into the newly launched Aster (ASTER) token. On-chain analysis indicates that a wallet associated with MrBeast deposited 114,483 USDT, worth about $114,480, into ASTER, according to the latest on-chain data retrieved by Finbold from Arkham on September 21. MrBeast wallet transaction. Source: Arkham Blockchain data shows the transfer originated from a wallet labeled “MrBeast: WuTangClan” into Aster. This is the same wallet that has previously interacted with other exchanges and platforms, including inflows from ChangeNOW, Gnosis Safe Proxy, and multiple MetaMask transactions over the past year. MrBeast’s past allegations of misleading investors The move comes as the influencer faces allegations of insider trading. In 2024, MrBeast was accused of misleading investors by leveraging his social media reach to promote projects before selling for profit. Reports estimate he made over $23 million in gains from various tokens, including $11.45 million from SUPER, $4.65 million from ERN, $1.72 million from PMON, $1.31 million from STAK, and $1 million from AIOZ. MrBeast ( @MrBeast ), an influencer with 31.2M followers, has engaged in insider trading, misleading investors, and using his influence to pump tokens, only to dump them later. He has made over $23M in profits from various crypto projects: $11.45M from $SUPER $4.65M from $ERN … pic.twitter.com/gMtXVemCDE — Lookonchain (@lookonchain) October 30, 2024 Meanwhile, Aster itself has already become the focus of investor speculation following its meteoric rise since launch. For instance, on-chain data indicates that another high-profile crypto trader, Cooker Flips, turned a $1.24 million position into $6.7 million in just three days. He accumulated 5.57 million ASTER tokens at an average entry price of $0.20 and, as of September 20, was sitting on an unrealized profit of more than $5 million. Aster officially launched on September 17 following the merger of Astherus and APX Finance. Backed by YZi Labs, formerly Binance Labs, and with public support from former Binance CEO Changpeng Zhao, the project is being marketed as a next-generation decentralized exchange. ASTER price analysis At press time, ASTER was trading at $1.79, having rallied almost 80% in the last 24 hours. The weekly chart shows the token is up more than 2,000%. ASTER one-week price chart. Source: CoinMarketCap. As things stand, it remains to be seen how long ASTER can sustain its rally, especially as broader market sentiment remains in consolidation without major movement from leading assets. Featured image via Shutterstock The post MrBeast is buying this hot crypto amid insider trading allegations appeared first on Finbold .
