Crypto
crypto
Toby Bochan

Report from on-chain sleuths links MrBeast’s crypto wallet to shady shilling, millions in profits

A group of crypto on-chain analysts and social-media investigators have published a detailed analysis connecting the publicly identified crypto wallet of Jimmy Donaldson, aka MrBeast, to a wide network of seemingly suspicious activity. Their investigation alleges MrBeast has made $23 million from a multitude of scams, including pump-and-dump schemes.

In complicated and detailed maps showing links between several wallets, the analysts laid out both on-chain evidence and supporting posts from X (formerly Twitter) that showed MrBeast engaging with various projects. Being involved with crypto projects and profiting off them isn’t inherently bad, of course, and MrBeast and his Lunchly partner, Logan Paul, have been open about buying NFTs such as CryptoPunks in the past.

What does look suspicious, on the other hand, is called out by the paper:

“With MrBeast’s track record of consistently hitting large returns whilst being a full-time content creator and owning various businesses, there is an extremely high likelihood that his success in cryptocurrency investing is not the result of sharp trading intuition but just knowing insider information, particularly related to upcoming brand deals and partnerships within his network, including figures like KSI, GaryVee, and LazarBeam.”

It’s a very technical report to read and hard for anyone without deep on-chain crypto knowledge to follow, but even the best trader in the world doesn’t see huge profits on 100% of their investments.

This is not great news for MrBeast, who besides dealing with mini-Beast competitors, is facing news that the Lunchly line is full of mold, as well as a lawsuit over his Amazon show which claims conditions while filming “endangered the health and welfare” of participants.

MrBeast Investigation — loock.io

MrBeast Investigation — loock.io

In complicated and detailed maps showing links between several wallets, the analysts laid out both on-chain evidence and supporting posts from X (formerly Twitter) that showed MrBeast engaging with various projects. Being involved with crypto projects and profiting off them isn’t inherently bad, of course, and MrBeast and his Lunchly partner, Logan Paul, have been open about buying NFTs such as CryptoPunks in the past.

What does look suspicious, on the other hand, is called out by the paper:

“With MrBeast’s track record of consistently hitting large returns whilst being a full-time content creator and owning various businesses, there is an extremely high likelihood that his success in cryptocurrency investing is not the result of sharp trading intuition but just knowing insider information, particularly related to upcoming brand deals and partnerships within his network, including figures like KSI, GaryVee, and LazarBeam.”

It’s a very technical report to read and hard for anyone without deep on-chain crypto knowledge to follow, but even the best trader in the world doesn’t see huge profits on 100% of their investments.

This is not great news for MrBeast, who besides dealing with mini-Beast competitors, is facing news that the Lunchly line is full of mold, as well as a lawsuit over his Amazon show which claims conditions while filming “endangered the health and welfare” of participants.

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crypto
Sage D. Young

Altcoins from solana to dogecoin sink to levels not seen in years

As bitcoin continues to set new cycle lows, altcoins are revisiting levels not seen in several years. Over the past 24 hours:

  • XRP has dropped nearly 19% to trade at $1.24, its lowest mark since November 2024;

  • Solana is down 7% to trade under $84, returning to a price point last recorded in January 2024;

  • Dogecoin has slid 10% to $0.09, a price last seen in September 2024;

  • Chainlink is down below $8.40, erasing all gains made since October 2023. 

It’s hitting the crypto ecosystem hard: 305,791 traders have been liquidated in the past 24 hours, with total liquidations standing at $1.46 billion, CoinGlass data shows. The market capitalization of the entire crypto space is now at $2.35 trillion, a drawdown of 7.5% in the last 24 hours and a stunning 46.6% plunge from the all-time high of $4.4 trillion set in October 2025. 

The altcoin market is correlated with bitcoin, with both undergoing a steep decline, according to Devin Ryan, director of financial technology research at investment bank Citizens Capital Markets & Advisory. 

As to what is driving the downswing, Ryan pointed to the October sell-off that triggered the massive initial wave of liquidations as well as a number of macro headwinds, such as ongoing geopolitical conflicts, concerns of another government shutdown, and uncertainty surrounding a new Fed chair.

There’s volatility in the asset class because of market structure issues and concerns around where bitcoin goes from here from a price perspective, Ryan said.

Ryan expects the correlation between bitcoin and the rest of the crypto ecosystem to break down over the next year to two years.

The recent volatility highlights that cryptocurrency’s blockchain technology is still in an early phase, Ryan said. “We are still in the early days of even getting the clarity around regulation and the legislation that’s needed to progress from this world of pilot phase — what might happen on the blockchain to here’s what’s happening on the blockchain and on which blockchains,” Ryan told Sherwood News. 

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Bitcoin faces not only short-term risks but a lack of catalysts for a turnaround

Bitcoin continues to plunge, hitting lows not seen since October 2024.

Yaël Bizouati-Kennedy3h
Sage D. Young
24h
Crypto treasury bets are entirely unprofitable

The total unrealized loss of 22 digital asset treasury firms currently amounts to more than $19 billion.

Reflecting Man
crypto
Sage D. Young

Ethereum at a nine-month low after shedding over $100 billion in market cap in a week

Ethereum, the second-largest cryptocurrency, has shed over $100 billion of its market capitalization in the last seven days as the price falls under the $2,200 level, a nearly nine-month low, data from CoinGecko shows. 

Marking a bottom on any market action is difficult, but the price of ethereum still remains weak with more downside risks. Jim Hwang, COO of crypto investment firm Firinne Capital, told Sherwood News, “Looking back to the volatility back in April 2025, we see that there may be support around $1,500.” 

Meanwhile, spot ethereum ETFs have recorded $342 million in outflows so far this year. The token’s price action and ETF outflows are in “stark contradiction” to the network’s fundamentals, namely the increase in the amount of real-world assets tokenized and usage metrics, Hwang argued.

Ethereum’s price slump comes as cofounder Vitalik Buterin said on Tuesday that the “original vision of L2s and their role in Ethereum no longer makes sense,” pointing to how the progress of layer 2 networks has been slower and more difficult than initially expected, while the “L1 is itself scaling” and reducing fees.

Yaël Bizouati-Kennedy
2/4/26
October 10 liquidation event is still a major weight on bitcoin’s price as analysts eye the $70,000 level

“I suspect, based on increased volatility and current price, we are not far from the bottom,” one expert said.

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