Crypto investigator ZachXBT has uncovered that the crypto influencer known as Crypto Beast falsely promoted the ALT token on X(Twitter) and Telegram earlier this month, then helped trigger a market crash on July 14, 2025.
The crash saw ALT’s price plunge from $0.19 to $0.003 after more than 45 linked insider wallets sold over $11 million in tokens. ZachXBT traced these sales back to a single Celestia address that funded multiple exchange wallets.
Investigation Details
ZachXBT posted on X(Twitter) that he first noticed deleted promotion posts by Crypto Beast. Those posts had touted ALT as a must‑buy asset.
On July 14, insiders dumped a large share of the token supply. The sudden sell‑off sent prices plummeting within minutes. All promotional messages were removed as the token collapsed.
Using timing analysis, ZachXBT linked a public wallet once shared by Crypto Beast to a set of bundled wallets on Solana. He showed how small transfers from a Celestia address fed five instant exchange platforms from May through July 2025.
Also Read: Mr Beast Accused of $10M Crypto Pump-and-Dump Scheme, On-Chain Data Reveals
These platforms included Kucoin nested, Sideshift, Binance nested, and HTX nested. The same Celestia address funded each wallet that sold ALT during the crash.
What This Means?
This investigation shows how easily influencers can manipulate these token markets. Innestors, who are also his followers, who bought ALT based on Crypto Beast’s hype lost most of their investment.
The use of instant exchanges and multiple wallets helped mask the scam. It also highlights the dangers of trusting unverified tips on social media.
Crypto Beast has faced similar accusations before. Followers lost money on bundled “rug pulls” in tokens like ALPHA, RICH, YE, RUG, ACE, and JOHN.
After the ALT crash, he deactivated his X(Twitter) account but soon returned with small giveaways to bait new users. Given this pattern, more pump‑and‑dump schemes may follow.
Implications for Investors
Investors must be careful and stop blindly following influencer calls. Social media promotions can vanish and not even mean a thing at a moment’s notice, leaving buyers stranded.
This case underlines the need for greater due diligence before trading new tokens. Checking on‑chain data and waiting for broader market support can reduce risk.
Many in the crypto community hope platforms such as X(Twitter) will suspend influencers who engage in market manipulation.
Enforcement actions against coordinated scams remain rare. This case may spur social media sites and regulators to tighten rules around token promotion.
The ALT crash done by Crypto Beast is a fitting reminder of the drawbacks of unregulated markets. While decentralised platforms offer new ways to trade, they also open doors to bad actors.
Also Read: Crypto Influencer Jaypeg Faces “Uptober” Memecoin Pump And Dump Accusations