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 , 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.