Crypto investigator ZachxBT released the Crypto Influencer “Crypto Beast,” adjusting a coordinated pump and dump scheme that wiped out more than $187 million in market value from the Alt token in minutes.
On July 14th, Alt’s price collapsed from $0.19 to $0.003, with market capitalization plunging from $190 million to just $3 million.
Another pump and dump draws attention
Zachxbt’s on-chain analysis revealed this 45 wallets linked to Crypto Beast have been collectively thrown away over $11 million With ALT during a crash.
These wallets are funded through instant exchange services and date back to a single Celestia address linked to the Cryptocrat.
Influencers were heavily promoting ALT on X and Telegram in early July. His posts promoted the benefits of tokens and attracted thousands of retail investors. All promotional posts have since been deleted.
But on-chain evidence tells a different story.
Zachxbt linked Crypto Beast public wallets. This directed the influencer himself to the same Celestia address where he funded all 45 dumping wallets, embarrassing in the now-deleted post.
The transaction chain indicates that it directly funded the wallet used to offload the token.
In response to the backlash, Crypto Beast denied involvement and denounced the anonymous “sniper” of Clash.
Meanwhile, Zachxbt confirmed that the small sniper cluster sold about $2.6 million in tokens. But the majority of the damage ($11 million) comes from the wallet tied to influencers.
Additional wallets linked to Crypto Beast still hold over 89 million Alt tokens for roughly 10% of their total supply. This raises further dump concerns.
Alt Token is just the tip of the iceberg
Alt tokens are not meme coins, they are governance and utility tokens AltlayerA modular rollup project launched in January 2024 via Binance Launchpool.
The initial distribution of tokens included airdrops to over 40,000 wallets and a market debut supported by Binance.
The conflict has undermined 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 previous involvement in Ragpur, including Alpha, Rich, Ye, Rag, Ace, John.
After easily deactivating the account, Crypto Beast returned to X and ran the giveaway to attract new followers. Zachxbt warned that this behavior could indicate preparation for a future scheme.
The case highlights the risks of following unverified influencers and the growing role of on-chain analytics in fraud exposure.
Authorities have not yet commented on whether regulatory measures will continue. In the meantime, investors will be asked to verify talk nemics, depth of liquidity, and wallet behavior before committing capital.
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