MrBeast Earned $10m$ Promoting Tokens. Does This Count as Financial Manipulation?

According to recent investigations by anonymous crypto investigator SomaXBT, it has been reported that MrBeast (real name Jimmy Donaldson) has earned over $10 million from promoting little-known crypto tokens. Projects including SuperFarm ($SUPER), Polychain Monsters ($PMON), and Virtue Poker ($VPP) are among the notable ones that MrBeast has been involved with.

The investigation found that MrBeast invested $100,000 in SuperFarm, received 1 million SUPER tokens in return, and then sold them for a large profit after the price increased due to his promotion. In total, MrBeast is said to have made around $9 million from SUPER sales and other vesting proceeds in 2021. Similarly, he has also made millions of dollars from other projects like PMON and VPP, while the prices of these tokens have now dropped significantly from their peaks of   .

This has raised concerns from the community, with some comparing MrBeast’s actions to a pump-and-dump scheme. Followers can be lured into short-term price increases, then the token price plummets as people like MrBeast sell, leaving retail investors with huge losses.