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Share link:In this post: YouTuber MrBeast invested and promoted several low cap tokens, making over $10 million on his efforts. MrBeast made over $9 million on just one token SUPER in 2021 after investing $100k. Crypto sleuths raise concerns about influencers who are promoting low cap tokens.
Onchain crypto sleuth SomaXBT has published investigations showing how popular YouTuber Mr Beast made over $10 million by promoting low-cap crypto tokens. In the report posted on X, Soma disclosed that MrBeast backed the Initial DEX Offerings (IDO) of several tokens also promoted by other crypto influencers.
The investigation detailed several projects that the influencer supported, showing a pattern of investing in the token and getting allocations directly at launch, which he usually dumps after promoting it. Some of these projects include Polychain Monsters PMON, Splyt SHOPX, Virtue Poker VPP, and Jigstack STAK.
Interestingly, MrBeast is not the only influencer involved in these projects. Others, such as Lark Davis and KSI, were also involved and profited from some of these projects. A quick analysis of the incidents shows that all of them happened in 2021, highlighting the extent of such activities within that period.
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