According to on-chain detective ZachXBT, crypto KOL Crypto Beast is suspected of manipulating the ALT token price from $0.19 to $0.003 on July 14, and the market value collapsed from $190 million to $3 million.
ZachXBT found through on-chain analysis that Crypto Beast had previously actively promoted ALT tokens, with more than 45 associated internal wallets selling more than $11 million worth of tokens. Crypto Beast's publicly shared wallet address can be traced back to a Celestia address that transfers money to multiple exchanges (including Kucoin, Sideshift, Binance, and HTX) to fund side-chain wallets.
ZachXBT said Crypto Beast deleted all posts promoting the token after the crash, having previously denied any involvement in the price slump.
ZachXBT: Crypto KOL Crypto Beast Manipulates ALT Token Price Crash Event
2025-07-22 13:05:49
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