Blockchain investigator ZachXBT has uncovered a coordinated pump-and-dump scheme orchestrated by crypto influencer 'Crypto Beast,' resulting in a catastrophic collapse of the ALT token. On July 14, 2025, 45 connected wallets linked to Crypto Beast dumped over $11 million worth of ALT tokens within minutes, crashing its market capitalization from $190 million to $3 million and slashing the token price from $0.19 to $0.003.
ZachXBT's on-chain analysis traced funding through instant exchanges (including KuCoin, Binance, and HTX) to a single Celestia address (celestia1ch***s5) that financed both Crypto Beast's verified wallet and the dumping cluster. The influencer had aggressively promoted ALT on X and Telegram throughout early July but deleted all promotional posts immediately after the crash. He later blamed "whale snipers" for the collapse, despite evidence showing his direct involvement.
Additional wallets tied to Crypto Beast still hold 89 million ALT tokens (10% of total supply), raising concerns about future manipulation. ZachXBT also noted Crypto Beast's history of similar scams involving tokens like ALPHA, RICH, and ACE. Following exposure, Crypto Beast temporarily deactivated his Twitter account before returning with small giveaways to rebuild his follower base.