Deleted posts, wallet traces, and past rug pull patterns suggest a coordinated scam targeting retail crypto investors.
Trader and crypto influencer Crypto Beast is accused of facilitating the Altcoin (ALT) dump scheme, allegedly cashing out over $11 million after misleading thousands of retail investors to buy the token.
Blockchain security investigator ZachXBT published an investigative thread on X on Tuesday detailing the events that led to ALT’s crash on July 14, 2025. According to his investigations, the trader behind the handle @cryptobeastreal promoted $ALT across social platforms just days before the token’s value collapsed by over 97%.
The influencer denied that he was involved in the token’s failure, even posting his own analysis on the pump-and-dump scheme. At around 14:00 BST today, the account was active and issuing giveaways. But after Zach posted his investigations, they deleted their account almost immediately.
Coordinated dump crashes ALT by almost 100%
ALT plunged from a trading price of $0.19 to just $0.003 between 09:00 AM to 10:00 AM BST about one week ago. The total market capitalization of the token also dropped from $190 million to a mere $3 million.
ZachXBT revealed more than 45 wallets connected to Crypto Beast participated in the dump, and liquidated over $11 million worth of $ALT, roughly 3% of the token’s total supply.
“Even dumping 0.5% of the supply is enough to crash the price,” the investigator wrote. “They dumped 3%, which was enough to destroy the market.”
The dump reportedly began on July 7 at around 10:30 UTC, when a group of sniper wallets began accumulating large amounts of $ALT. In less than 20 minutes, they managed to obtain a majority of the available supply. Days later, after retail interest peaked due to Crypto Beast’s social media campaign for the token, the wallets began offloading their holdings and causing a price collapse.
Wallet traced to Crypto Beast
ZachXBT tied the insider wallets directly to Crypto Beast through a detailed blockchain trace. He identified a public wallet address, Ledzo5cdS1RYfX4h391fYC8TF6xkwAC8U77F2pCaH4L, which the influencer had previously shared on Telegram and X. Though the posts were later deleted, the address was the basis of part of his analysis.
By tracing funding transactions from this wallet, ZachXBT linked them to a Celestia address that was used to fund sniper wallets. Between May and July 2025, this Celestia address moved funds through instant exchanges, including KuCoin, Binance, HTX, and Sideshift, to discreetly distribute capital into trading addresses.
“These snipers started small, trading other tokens to avoid detection,” ZachXBT explained. “Once $ALT was in play, they moved quickly and efficiently to corner the market.”
He also mentioned one sniper cluster liquidated over $2.6 million worth of $ALT and was tied to the token’s deployer address. However, another investigator responding to Zach’s post said the $2 million plus was from a trader that Crypto Beast and his associates tried to “rope in” after the rug pull.
Crypto Beast deleted promotional messages
In the days leading up to the crash, Crypto Beast aggressively promoted $ALT on both X and Telegram, urging followers to buy in. Screenshots shared by ZachXBT show posts where the influencer endorses the token’s potential, saying it was heading to a $500 million market cap, and in another instance, claiming it will be part of the top 100 coins in rankings.
“All of these posts promoting the token have since been deleted,” ZachXBT noted.
The blockchain security sleuth also reported that this isn’t the first time Crypto Beast has been associated with suspicious token promotions. Citing X’s search function, he listed several other altcoins, including $ALPHA, $RICH, $YE, $RUG, $ACE, and $JOHN, that were allegedly part of similar “bundled rug” operations promoted by the same influencer.
“This pattern shows a repeated strategy: build hype, pump the token, and dump on followers,” the investigator wrote. “Many old followers got rekt.”
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