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Crypto Influencer ‘Crypto Beast’ Sells ALT Token for $11 Million Following Promotion to Followers, Reveals ZachXBT
Blockchain investigator ZachXBT has revealed that crypto influencer Crypto Beast is accused of orchestrating an $11 million token dump on his followers.
The investigation uncovered that 45 associated insider wallets linked to Crypto Beast sold over $11 million worth of ALT tokens on July 14, 2025, resulting in the token’s market capitalization plummeting from $190 million to merely $3 million in a matter of minutes.
ZachXBT’s analysis traced funding transactions via instant exchanges back to a single Celestia blockchain address that financed both Crypto Beast’s known wallet and the group of wallets that offloaded ALT tokens on that day.
1/ An investigation into how @cryptobeastreal deceived followers by claiming they were not responsible for the $190M -> $3M $ALT market cap crash where 45+ connected insider wallets sold $11M+ on July 14, 2025. pic.twitter.com/AmnY1xux7a
— ZachXBT (@zachxbt) July 22, 2025
The Dump That Wiped Out Retail Investors
Crypto Beast started endorsing ALT in early July 2025, generating significant community interest in the Solana-based meme token through his extensive social media following.
On July 14, ALT faced a devastating price drop within minutes, plummeting from $0.19 to $0.003 as coordinated selling pressure overwhelmed the token’s liquidity.
1/ An investigation into how @cryptobeastreal deceived followers by claiming they were not responsible for the $190M -> $3M $ALT market cap crash where 45+ connected insider wallets sold $11M+ on July 14, 2025. pic.twitter.com/AmnY1xux7a
— ZachXBT (@zachxbt) July 22, 2025
ZachXBT’s blockchain analysis identified timing correlations between instant exchange transactions from May through July 2025 that linked Crypto Beast’s verified wallet address to the insider selling network.
The investigator documented how the same Celestia address (celestia1ch***s5) funded multiple exchanges, including KuCoin, Sideshift, Binance, and HTX, to establish the connected wallet cluster.
After the crash, Crypto Beast sought to dissociate himself from the incident by asserting on social media that “whale snipers” were to blame for the price drop, while simultaneously removing his prior ALT promotional posts.
Additional wallets associated with the influencer still possess 89 million ALT tokens, accounting for 10% of the total supply, indicating the possibility of future market manipulation, according to ZachXBT’s findings.
The investigator noted that a separate sniper cluster sold $2.6 million worth of ALT tokens linked to ALT’s deployer address, but stressed that Crypto Beast’s connected wallets represented the bulk of the selling pressure.
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Crypto Beast temporarily deactivated his Twitter account following the revelation, but has since returned with minor giveaways to regain his follower base, raising concerns about potential similar future schemes.
1/ An investigation into how @cryptobeastreal deceived followers by claiming they were not responsible for the $190M -> $3M $ALT market cap crash where 45+ connected insider wallets sold $11M+ on July 14, 2025. pic.twitter.com/AmnY1xux7a
— ZachXBT (@zachxbt) July 22, 2025
Influencer Manipulation in Crypto’s Wild West
This disclosure contributes to a growing list of similar occurrences where crypto influencers have allegedly profited at the expense of their followers.
ZachXBT’s investigation revealed that Crypto Beast has previously been linked to other unsuccessful token projects, including ALPHA, RICH, YE, RUG, ACE, and JOHN, among others.
Similar patterns have also surfaced across various platforms, with influencers like Dave Portnoy recently facing backlash after profiting $75,000 from meme coin trades while his followers incurred losses.
1/ An investigation into how @cryptobeastreal deceived followers by claiming they were not responsible for the $190M -> $3M $ALT market cap crash where 45+ connected insider wallets sold $11M+ on July 14, 2025. pic.twitter.com/AmnY1xux7a
— ZachXBT (@zachxbt) July 22, 2025
The prevalence of these schemes has prompted researchers to investigate the psychological tactics employed by crypto influencers in exploiting their followers.
Cambridge Professor Alan Jagolinzer’s research indicates that these operators leverage social-psychological factors, with audiences engaging in “self-destructive behaviour to gain access or enhance status” within influencer communities.
The emergence of meme coins on platforms like Solana has fostered an environment where low barriers to entry facilitate rapid token creation and manipulation, with minimal oversight or regulatory intervention.
However, industry observers have characterized the current market cycle by what some refer to as a “crime supercycle,” where traditional market manipulation tactics have become increasingly normalized within crypto communities.
ZachXBT concluded his investigation by cautioning that similar schemes are likely to persist, stating that the coordination needed to acquire a large token supply early while promoting aggressively suggests either direct involvement in deployment or collaboration with token creators.
The investigator stressed that “people need to stop blindly following influencer calls” and called for accountability from platforms, specifically urging Twitter to consider suspending accounts involved in repeated scam activities.
The post Crypto Influencer ‘Crypto Beast’ Dumps ALT Token for $11M After Promoting to Followers, ZachXBT Exposes appeared first on Cryptonews.
