Crypto Influencer “Crypto Beast” Exposed for $11 Million ALT Token Dump Scheme

Crypto influencer and trader “Crypto Beast” has been accused of orchestrating a pump-and-dump scheme that led to the collapse of the $ALT token, with losses exceeding $11 million. The allegations were brought to light by blockchain investigator ZachXBT, who revealed a coordinated effort behind the token’s dramatic crash, which saw its value plummet by over 97% in just one hour.

The ALT Token Crash

On July 14, 2025, the value of $ALT dropped from $0.19 to just $0.003 between 9:00 AM and 10:00 AM BST. The market cap of the token tanked from $190 million to a mere $3 million, leaving many retail investors with significant losses.

ZachXBT’s investigation traced the wallets involved in the sell-off, identifying more than 45 addresses linked to Crypto Beast that collectively liquidated over $11 million worth of $ALT tokens. This massive coordinated dump accounted for roughly 3% of the token’s total supply, which was enough to destabilize its price.

Crypto Beast’s Role in the Dump

Crypto Beast, who had actively promoted $ALT on social media platforms like X (formerly Twitter) and Telegram, denied any involvement in the collapse. Before the crash, he was seen hyping the token on his channels, claiming that $ALT would soon achieve a $500 million market cap and become a top 100 cryptocurrency. Following the release of ZachXBT’s findings, Crypto Beast deleted his account and removed all related promotional content.

However, ZachXBT’s investigation revealed that Crypto Beast had been using a public wallet address that he previously shared on social media to fund multiple “sniper wallets.” These wallets quickly accumulated large quantities of $ALT, and once the hype had peaked, the tokens were sold off, triggering the price crash.

A Pattern of Pump-and-Dump Schemes

ZachXBT traced Crypto Beast’s activities to a series of other suspicious token promotions, including $ALPHA, $RICH, $YE, $RUG, $ACE, and $JOHN, all of which followed a similar pump-and-dump pattern. According to ZachXBT, Crypto Beast’s strategy was to build hype around a token, inflate expectations, and then dump his holdings once the price had been artificially boosted, leaving retail investors with significant losses.

“This repeated strategy—build hype, pump the token, and dump on followers—has caused many retail investors to get rekt,” wrote ZachXBT in his analysis.

Implications for the Crypto Community

The case underscores the risks of blindly following influencers in the crypto space, especially those who have been linked to multiple fraudulent schemes. It serves as a cautionary tale for investors to carefully evaluate the legitimacy of social media recommendations before investing in volatile assets like cryptocurrencies.

CryptoBeast has since deactivated his X account.

As the crypto market continues to mature, it’s essential for investors to prioritize caution and do their own research to avoid falling victim to pump-and-dump schemes.

Influencer	Allegation / Scam Type	Timeline
Guo Wengui	$1 billion fraud conspiracy (Himalaya Exchange, GTV)	Arrested 2023; Convicted 2024
Richard Heart	Unregistered securities offerings (HEX, PulseChain); $1 billion raised	SEC Charges August 2023
Haliey Welch (“Hawk Tuah Girl”)	Pump-and-dump scheme involving $HAWK token	December 2024
Crypto Rover	Pump-and-dump on “STONED” meme token	May 2023
Crypto Beast (@cryptobeastreal)	Dumped “ALT” token after promotion; 97% crash	July 2025
Logan Paul (CryptoZoo)	NFT/Game project failed to deliver; class-action lawsuits & refunds	Sued 2023; Refunds offered 2024
Ekaterina Zhdanova	Crypto money laundering for Russian oligarchs; $billions moved	Named in 2024 probe
Faruk Fatih Özer (Thodex)	Exchange scam defrauding 390,000 users of ~$2 billion	Sentenced September 2023