
tl;dr
YouTube sensation MrBeast denies involvement in a $1.28M ASTER token investment, but on-chain data links his wallet to massive crypto activity. Industry giants like CZ and Arthur Hayes back ASTER, sparking debates about celebrity influence in crypto.
**MrBeast Allegedly Invests Millions in ASTER, Sparks Crypto Debate**
Jimmy Donaldson, the YouTube sensation known as MrBeast, has once again found himself at the center of a cryptocurrency controversy. Recent on-chain data suggests that a wallet allegedly linked to the YouTuber may have invested millions in the ASTER token, a project that has seen a surge in popularity amid growing industry support. However, MrBeast has denied any connection to the transaction, adding fuel to the speculation surrounding the crypto’s rise.
### The Wallet Connection: A $1.28 Million Stake?
On-chain analytics firm Lookonchain revealed that a wallet associated with MrBeast reportedly spent 320,587 USDT to acquire 167,436 ASTER tokens. This transaction brought the wallet’s total holdings to 705,821 ASTER, valued at approximately $1.28 million. Over the past three days, the wallet accumulated 538,384 ASTER tokens, worth around $990,000, at an average price of $1.87 per token.
The activity included a deposit of 1 million USDT into the DEX via public wallets 0x9e67 and 0x0e8A, followed by the withdrawal of 538,384 ASTER. The wallet first gained attention on September 21 after a $114,483 USDT deposit into Aster. Despite the data, MrBeast publicly denied any involvement, stating:
> “Never heard of that coin and that’s not my wallet… I’m never doing a meme coin so don’t get scammed by one pretending to be me.”
This is not the first time MrBeast has faced scrutiny in the crypto space. Earlier reports alleged he earned over $23 million through insider trading and misleading investors, though he has consistently denied such claims.
### Industry Figures Back ASTER Amid Surge in Popularity
Despite the controversy, ASTER has captured the attention of high-profile crypto figures. Former Binance CEO Changpeng Zhao (CZ) publicly endorsed the project, boosting its visibility. Meanwhile, BitMEX co-founder Arthur Hayes shifted focus from rival token HYPE to ASTER, citing its superior features such as MEV-free execution and dual trading interfaces.
High-profile trader James Wynn also entered a 3x leveraged long position on ASTER, betting on its potential despite shorting HYPE, which he described as “dying a slow and painful death.” These moves have contributed to ASTER’s recent price surge, with the token surpassing $2 and hitting a high of $2.43 over the past week.
### Whale Activity and Market Momentum
Whale activity has further fueled ASTER’s ascent. On-chain data shows large holders accumulated over $259 million worth of ASTER in recent days. The token’s growth has also outpaced competitors like Hyperliquid, with ASTER surpassing it in daily trading volume on the perpetual DEX.
### The Bigger Picture: Meme Coins vs. Institutional Confidence
The debate around MrBeast’s alleged involvement highlights the growing intersection of celebrity influence and cryptocurrency. While some view his denial as a precaution against scams, others speculate about the potential impact of his endorsement on the token’s value. Meanwhile, ASTER’s rise underscores the shifting dynamics in the crypto market, where projects with strong community backing and industry endorsements can rapidly gain traction.
As the story unfolds, investors and enthusiasts alike are watching closely—whether to capitalize on ASTER’s momentum or to caution against the risks of speculative investments tied to viral hype. For now, the mystery of MrBeast’s connection to the token remains unresolved, but the broader narrative of ASTER’s ascent continues to captivate the crypto world.