Crypto Beast manipulates $ALT plummeting, adding another entry to the KOL collapse history

2025-07-23 16:38:21

Collection

A KOL with nearly 800,000 followers is creating hype while manipulating the market, selling off, and harvesting profits.

Author: Fairy, ChainCatcher

Editor: TB, ChainCatcher

Another trading scandal has come to light, this time involving Crypto Beast.

With nearly 800,000 followers, this major KOL has been promoting tokens while simultaneously manipulating the market, offloading, and harvesting profits.

On July 14, the token Altcoin (ALT) heavily promoted by Crypto Beast plummeted from $0.19 to $0.003, evaporating nearly $190 million in market value in just a few hours, with 45 wallets associated with him simultaneously dumping their holdings, totaling over $11 million in cash out.

This article will review the complete process of this harvesting event and reveal the truth behind the manipulation.

ALT Crash: The Manipulation Maze of Crypto Beast

From a surge to a crash, it took only five days. On July 9, Crypto Beast began intensive promotion of ALT on X and Telegram. He described the token as "the next hundredfold coin" and "potential for a multi-billion dollar market cap," creating a gradual pump rhythm that continuously fueled market FOMO.

On July 12, the pump action noticeably accelerated, and in just two days, $ALT surged from $0.039 to $0.19, nearly quadrupling in value and attracting more retail investors.

On July 14, the harvesting officially began. In just four hours, $ALT plummeted to $0.003, a drop of 94%, almost reaching zero.

Image source: coingecko

On-chain detective ZachXBT conducted an in-depth investigation and uncovered the true nature of the manipulation through a wallet address previously disclosed by Crypto Beast.

This wallet was initially funded through an instant exchange platform. ZachXBT further analyzed the flow of funds over time, ultimately tracing it to a key Celestia address:

celestia1chflqywwp0k8rjzgp3w4447fquyk9ynnc6zws5

The investigation revealed that this address sent small amounts of funds to multiple instant exchange platforms (such as KuCoin Nested, SideShift, Binance Nested, HTX Nested, etc.) between May and July 2025 to fund "side wallets."

These side wallets are not unrelated accounts but rather a "bundled wallet cluster" confirmed by ZachXBT through on-chain analysis. They simultaneously dumped $ALT on July 14, totaling over $11 million in cash out.

Below is the table of instant exchange transactions identified through time analysis from Celestia to Solana:

In addition to the 45+ wallets highly tied to Crypto Beast's funds, there was an independent "sniper cluster" that sold over $2.6 million, which is associated with the $ALT deployer. However, in terms of influence and scale of funds, Crypto Beast seems to be the main character.

Currently, there are still multiple wallets associated with Crypto Beast holding over 89 million $ALT, accounting for about 10% of the total supply. After the incident, Crypto Beast deleted the promotional tweets for ALT and deactivated his X account.

ZachXBT pointed out that this is not the first time Crypto Beast has operated this way; he has used similar "bundled pump and cash out" models in several previous projects, including $ALPHA, $RICH, $YE, $RUG, $ACE, and $JOHN, causing significant losses for many early followers.

Those KOLs Who Have "Collapsed" Over the Years

Crypto Beast's actions are not an isolated case but rather a microcosm of the "manipulation script" frequently seen in the Web3 world.

With a large fan base and influence, KOLs can easily spark a wave of speculation, while they may be deeply tied to deployers and initial holders, quietly capturing retail investors.

In recent years, ZachXBT has continuously exposed several similar harvesting cases:

BitBoy (Ben Armstrong): A well-known crypto YouTube blogger who has long received "soft advertising fees" to promote scam coins and altcoins, previously promoting tokens like MYX, DISTX, ETHY, LOCK, etc., that later collapsed.

Logan Paul: A famous influencer and boxer who used his wallet to buy low-priced tokens or NFTs in advance, promoting them on social media before selling at high prices.
Lark Davis: With 1.4 million followers, he frequently recommends low-market-cap projects to his fans, then quickly sells, including tokens like SHOPX, DOWS, UMB, etc.

Laurent Correia: A well-known French influencer and reality TV star who operated the NFT project "Billionaire Dogs Club," which saw the team run away within a week of issuance.