YouTube personality Jimmy Donaldson, also known as MrBeast, has recently made headlines in the cryptocurrency world by investing in the newly launched Aster (ASTER) token.
According to on-chain analysis data from Arkham, a wallet linked to MrBeast deposited 114,483 USDT into ASTER, equivalent to about $114,480.
The transfer originated from a wallet named “MrBeast: WuTangClan” and was sent to Aster. This particular wallet has been active across various exchanges and platforms over the past year, engaging with ChangeNOW, Gnosis Safe Proxy, and multiple MetaMask transactions.
MrBeast’s Controversial History
This investment move comes amidst allegations of insider trading against MrBeast. In 2024, he faced accusations of misleading investors by using his social media influence to promote projects before selling them for profit.
Reports suggest that he profited over $23 million from different tokens such as SUPER ($11.45 million), ERN ($4.65 million), PMON ($1.72 million), STAK ($1.31 million), and AIOZ ($1 million).
The sustainability of ASTER’s current surge remains uncertain given the overall market sentiment’s consolidation phase with no significant movements observed among leading assets.
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