Social media influencer MrBeast accused of making millions of dollars through pumping low-market-cap token prices and sell-off schemes

Well-known social media personality Jimmy Donaldson (MrBeast) has been accused of making more than $10 million by promoting low-market-cap cryptocurrency projects and then selling those tokens. The allegations stem from an on-chain investigation by crypto investigator SomaXBT, which revealed that MrBeast participated in the first decentralized exchange offering (ID0) and token promotion of multiple projects, and then sold them for profit after the token prices soared. The projects involved include SuperFarm ($SUPER), Polychain Monsters ($PMON), and SPLYT ($SHOPX), among others, some of which saw their value drop by more than 90% after his exit, sparking ethical controversy over "pump and dump" operations and accusations of price gouging. (Cryptonews)