MrBeast-Linked Wallet Accumulates Over $1 Million in ASTER Tokens

Summary:
An online wallet associated with popular YouTuber MrBeast has recently amassed over $1 million in the BNB Chain-based decentralized exchange token ASTER. Despite blockchain evidence linking the transactions to him, MrBeast has denied any involvement with the token.

Key Takeaways

A wallet allegedly connected to MrBeast has purchased ASTER tokens exceeding $1 million.
The wallet recently transferred 320,587 USDT to buy 167,436 ASTER tokens.
MrBeast publicly refutes any connection to ASTER, claiming he is unaware of the token.
The ASTER token has surged by over 1800% since its launch, attracting significant interest from investors and prominent figures.
Whale activity around ASTER has increased dramatically in the last week.

Accumulation of ASTER Tokens

A wallet reportedly linked to MrBeast, the largest YouTuber globally, has accumulated over $1 million in ASTER tokens, a decentralized exchange token on the BNB Chain. Recent data from on-chain analytics platform Lookonchain reveals that this is just one of several transactions attributed to the YouTuber.

Just hours before Lookonchain’s update on September 29, the wallet made a notable transaction. It transferred 320,587 USDT to acquire 167,436 ASTER tokens, bringing the total holdings to 705,821 ASTER, valued at approximately $1.28 million.

Alleged MrBeast linked wallet buys Aster token.

Prior reports from September 26 mentioned that the same wallet had already gathered 538,384 ASTER tokens, worth around $990,000. These purchases occurred within just three days, with an estimated average price of $1.87 per token. Notably, the wallet had previously deposited 1 million USDT from two addresses tied to MrBeast and a newly created wallet.

The initial transaction noted by Lookonchain took place on September 21, when MrBeast’s public wallet sent 114,483 USDT to purchase ASTER, marking the beginning of this accumulation trend.

Alleged MrBeast linked wallet buys Aster token.

MrBeast Denies Involvement

While blockchain transactions link these buys to wallets associated with MrBeast, the YouTuber has publicly claimed he has no connection to ASTER. In a reply to a user on X (formerly Twitter) on September 22, he stated, “I’ve never heard of that coin” and emphasized that the wallet address 0x9e67 was not his. He cautioned fans against being misled by anyone acting on his behalf.

MrBeast denies investing in ASTER.

Despite the conjecture surrounding his involvement, the price of ASTER has remained stable, increasing slightly by over 3% to trade at $1.92 at the time of writing. Since its launch on September 17, the ASTER token has skyrocketed over 1800%, reaching a peak of $2.41.

The Rise of ASTER

The growing interest in ASTER is largely attributed to endorsements from industry leaders, such as former Binance CEO Changpeng Zhao, who has indicated plans to contribute to the decentralized ecosystem. Aster has established itself as a leading decentralized perpetual exchange, outperforming competitors like Hyperliquid and Lighter in both trading volume and revenue. As of now, Aster ranks as the number one perpetual decentralized exchange, boasting a 24-hour trading volume of $42.88 billion compared to Lighter’s $5.75 billion.

This impressive growth has also led to a surge in whale activity surrounding ASTER. Recent data from Nansen shows that the total supply of ASTER held by whales has jumped from 10.1 million to 72.76 million in just the past week.

ASTER tokens held across whale wallets.