Crypto wallets linked to YouTube personality MrBeast made approximately $13 million by cashing in on a slew of token launches that were framed by analysts as pump-and-dumps, new on-chain analysis suggests. 

The main wallet, which blockchain analytics firm Arkham Intelligence has linked to MrBeast, aka Jimmy Donaldson, and which the content creator himself previously said he used to buy NFTs, bought into the token sales of several controversial crypto projects—and shortly thereafter dumped the holdings for massive profits.

An investigation by pseudonymous on-chain analyst SomaXBT concluded that MrBeast-linked wallets made nearly $13 million on dumping a handful of tokens that were collectively bought—mostly over the course of 2021—for potentially as little as $250,000. 

In one such case, the wallet appears to have invested $25,000 in the Ethereum meme coin Polkamon (PMON) in exchange for 25,000 PMON. Hours later, the MrBeast-affiliated address dumped the tokens for a profit of nearly $1.3 million.