Crypto Beast Unmasked: How a $190M Pump-and-Dump Scheme Rocked the Market
The crypto world got another reality check this week as influencer 'Crypto Beast' faced exposure for orchestrating a $190 million pump-and-dump scheme. Just when you thought the wild west days were over...
Anatomy of a rug pull
Behind the slick tweets and moon emojis lay a textbook manipulation play—artificial hype, coordinated buys, then the inevitable dump. Retail investors? Left holding bags while the 'Beast' feasted.
Regulators sharpen claws
Watchdogs are circling as this case joins the growing pile of crypto misconduct exhibits. But let's be real—when lambo dreams meet FOMO, someone's always ready to sell the bridge.
The irony? This happens while traditional finance lectures crypto about 'maturity.' Glass houses, Wall Street.
Another Pump-and-Dump Captures Attention
ZachXBT’s on-chain analysis revealed thatin ALT during the crash.
These wallets had been funded through instant exchange services and traced back to a single Celestia address linked to Crypto Beast.
9/ If you use X search you can clearly see it’s not the first time crypto Beast has done this, as many old followers got rekt on other bundled rugs $ALPHA $RICH $YE $RUG $ACE $JOHN pic.twitter.com/qqV2khu3Tt
— ZachXBT (@zachxbt) July 22, 2025The influencer had heavily promoted ALT on X and Telegram throughout early July. His posts touted the token’s upside, drawing in thousands of retail investors. All promotional posts have since been deleted.
However, on-chain evidence tells a different story.
ZachXBT linked Crypto Beast’s public wallet—shared by the influencer himself in now-deleted posts—to the same Celestia address that funded all 45 dumping wallets.
The chain of transactions shows that he directly financed the wallets used to offload the token.
In response to the backlash, Crypto Beast denied involvement and blamed anonymous “snipers” for the crash.
Meanwhile, ZachXBT confirmed a smaller sniper cluster did sell around $2.6 million in tokens. But the bulk of the damage—$11 million—came from wallets tied to the influencer.
Additional wallets linked to Crypto Beast still hold over 89 million ALT tokens, around 10% of the total supply. This raises concerns of further dumps.
ALT Token is Just the Tip of the Iceberg
The ALT token is not a meme coin but the governance and utility token of, a modular rollup project launched via Binance Launchpool in January 2024.
The token’s initial distribution included an airdrop to 40,000+ wallets and a market debut supported by Binance.
The crash has damaged confidence in ALT and renewed criticism of influencer-driven speculation in the crypto space.
Crypto Beast has a history of promoting tokens that later collapsed. ZachXBT cited his involvement in previous rug pulls, including ALPHA, RICH, YE, RUG, ACE, and JOHN.
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 youpic.twitter.com/qn8RztdcIb
After briefly deactivating his account, Crypto Beast returned to X, running giveaways to attract new followers. ZachXBT warned that this behavior could signal preparation for future schemes.
The incident highlights the risks of following unverified influencers and the growing role of on-chain analysis in exposing fraud.
Authorities have yet to comment on whether regulatory action will follow. In the meantime, investors are urged to verify tokenomics, liquidity depth, and wallet behavior before committing capital.