MrBeast is buying this hot crypto amid insider trading allegations

YouTube personality Jimmy Donaldson, also known as MrBeast, has been linked to new cryptocurrency activity after depositing into the newly launched Aster (ASTER) token.

On-chain analysis indicates that a wallet associated with MrBeast deposited 114,483 USDT, worth about $114,480, into ASTER, according to the latest on-chain data retrieved by Finbold from Arkham on September 21.

Blockchain data shows the transfer originated from a wallet labeled “MrBeast: WuTangClan” into Aster. This is the same wallet that has previously interacted with other exchanges and platforms, including inflows from ChangeNOW, Gnosis Safe Proxy, and multiple MetaMask transactions over the past year.

MrBeast’s past allegations of misleading investors

The move comes as the influencer faces allegations of insider trading. In 2024, MrBeast was accused of misleading investors by leveraging his social media reach to promote projects before selling for profit.

Reports estimate he made over $23 million in gains from various tokens, including $11.45 million from SUPER, $4.65 million from ERN, $1.72 million from PMON, $1.31 million from STAK, and $1 million from AIOZ.

As things stand, it remains to be seen how long ASTER can sustain its rally, especially as broader market sentiment remains in consolidation without major movement from leading assets.

Featured image via Shutterstock

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