Speculation Swirls Around MrBeast’s Alleged $1.28M ASTER Investment

Jimmy Donaldson, the YouTube megastar known as MrBeast, has inadvertently become the center of crypto speculation after on-chain data suggested a wallet linked to him acquired $1.28 million worth of ASTER tokens. Lookonchain analytics flagged a series of transactions totaling 705,821 ASTER, including a recent 320,587 USDT purchase. The token’s price surged amid rumors of celebrity endorsement.

Donaldson swiftly denied involvement, tweeting: "Never heard of that coin and that’s not my wallet." The disclaimer follows his history of distancing himself from crypto promotions after past accusations of insider trading. Market observers note the recurring pattern of meme coins gaining temporary momentum from unverified celebrity ties.

ASTER’s 24-hour trading volume spiked 300% post-rumors, underscoring the outsized influence of social media narratives on low-cap tokens. The wallet in question executed precision trades through DEX routes, accumulating tokens at $1.87 before price volatility set in.