By Key Points
- ALT token crashed from $0.19 to $0.003 in minutes
- 45 wallets tied to Crypto Beast dumped $11M worth of tokens
- ZachXBT links these wallets through on-chain evidence
- Crypto Beast denies wrongdoing, but history tells a different story
Crypto Beast, a well-known crypto influencer, is now at the center of one of the most damaging pump-and-dump schemes of 2025. The scandal erupted on July 14, when the price of the ALT token collapsed from $0.19 to just $0.003, wiping out nearly $187 million in market value within minutes.
The sudden crash sparked concern, and prominent blockchain investigator ZachXBT stepped in to analyze on-chain activity. What he found was damning: 45 wallets, all connected to Crypto Beast, dumped over $11 million in ALT tokens during the collapse.
8/ Another sniper cluster did indeed sell $2.6M+ with ties to the ALT deployer address but 45+ wallets directly tied to Crypto Beast sold $11M+ so it’s only a small part of the story.
Additional wallets linked to him still hold 89M+ ALT (10% supply)
Wallets still with ALT… pic.twitter.com/UGsS3AiqIx
— ZachXBT (@zachxbt) July 22, 2025
Each of these wallets had received funds from a Celestia address—an address previously shared by Crypto Beast himself in now-deleted posts.
While Crypto Beast had been heavily promoting ALT across X and Telegram in early July, those posts vanished after the dump. But the blockchain’s memory is permanent.
The wallet trail shows Crypto Beast not only hyped the token to thousands of followers but also directly financed the wallets used in the coordinated sell-off.
In response to the backlash, Crypto Beast tried to distance himself, claiming anonymous “snipers” caused the crash. ZachXBT, however, confirmed that sniper wallets were responsible for just $2.6 million of the total dump, while the rest—over $11 million—was tied to the influencer himself.
ALT Token Crash. Source: CoinGecko – Techtoken
The case is drawing comparisons with other high-impact market events like the ARK Invest Coinbase selloff and recent failures in transparency across the Web3 ecosystem.
History of Hype and Token Failures
This isn’t the first time Crypto Beast has been caught in the middle of controversy. ZachXBT highlighted a list of failed tokens that the influencer previously promoted—ALPHA, RICH, YE, RUG, ACE, and JOHN. Each of these projects either collapsed in value or was later exposed as scam.
Crypto Beast’s strategy is disturbingly consistent: aggressively promote a new project, drive in retail interest, and then silently dump massive amounts of tokens at peak hype.
Meet CryptoBeast, the biggest scammer in crypto Twitter
He rugged $ALPHA and scammed 640K of his fans for $20M
I spent 15h exposing his scam scheme and was shocked
Here’s how CryptoBeast with Crypto .com robbed you👇🧵 pic.twitter.com/qn8RztdcIb
— Skynet Insights (@Skynet_insights) February 8, 2025
Even now, additional wallets linked to the influencer are holding over 89 million ALT tokens, around 10% of the total supply. This raises major concerns about another potential dump, especially with the trust in the project already severely damaged.
ALT isn’t just another meme token either. It’s the official governance and utility token for AltLayer, a modular rollup platform that launched in January 2024 via Binance Launchpool. The project had strong early support and an airdrop to over 40,000 wallets. But even a credible foundation couldn’t prevent the harm caused by a manipulative influencer.
We’ve seen similar community trust erosion in recent incidents like the Froggie meme coin controversy, where hype-driven promotion outpaced real
The worst part of this story is that after he rugged from $190M down to $3M, he tweeted again: “I can run it back.”
• The token pumped from $3M to around $13M
• He rugged again instantly
These guys can repeat this cycle multiple times per week and still find buyers.Each… pic.twitter.com/JknqAr12cR
— dethective (@dethective) July 22, 2025
utility.
Community at Risk, Regulation Still Silent
The Crypto Beast scandal has reignited a serious debate within the Web3 community: How vulnerable are retail investors to influencer manipulation?
Crypto Beast deactivated his X account after the backlash but returned shortly after, running giveaways and attempting to rebuild his following. Many in the space see this as a possible setup for his next move—a way to gain fresh trust and repeat the cycle with another token.
JUST IN: ZachXBT alleges Crypto Beast orchestrated $ALT‘s crash from $190M to $3M cap via 45 wallets ($11M exit), promoted pre-dump. Same playbook as $ALPHA, $RICH, $YE. Now pushing airdrops after scrubbing posts. Urges scrutiny of “influencer pumps.” pic.twitter.com/gaXL2r5RJb
— Off the Record (@OffRecNow) July 22, 2025
ZachXBT has urged caution, pointing out how influencers with large audiences can do real damage by misusing their platform. While blockchain allows for transparency, it’s not always easy for average users to analyze complex wallet activity or identify malicious behavior in time.
For now, regulators have remained silent. There’s no word yet from financial authorities on whether Crypto Beast will face legal consequences. In the absence of oversight, the burden falls on community investigators like ZachXBT and cautious investors to protect the ecosystem.
In light of this, the crypto community is pushing for better accountability, much like the outcry following the El Salvador Bitcoin Lie that shocked the world earlier this year.
This incident is a powerful reminder: always check tokenomics, wallet flows, and liquidity before buying into the hype. A flashy influencer is no guarantee of legitimacy—sometimes, it’s the biggest red flag.
With Ethereum making strides through NFT legacy projects and growing institutional traction, as seen in Ethereum’s presence in public companies, the contrast between genuine progress and scams like this becomes even more apparent.
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