Did Mr. Beast just turn down millions? The famous YouTuber has denied rumors about launching a memecoin, while admitting that it could generate huge profits. But perhaps social media users didn’t hesitate to accuse him of being “greedy.” Here’s what happened!
Is MrBeast launching a Memecoin
James Stephen Aka MrBeast is more than the most subscribed YouTube channel in the world, he is also a businessman and more recently, the creator of a reality TV series, Beast Games.
Recently, rumors started circulating that MrBeast would be entering the crypto world. These speculations began after crypto trader “Crypto Beast” tweeted an article that MrBeast would launch its memecoin on the Solana blockchain in a few days.
Speculation grew when Solana’s official X account followed MrBeast. This has led many to believe that there could be a collaboration between the YouTuber and the Solana Foundation.
Mr.Beast denied the rumors
MrBeast, the popular YouTuber, directly addressed the memecoin launch rumor. Responding to a post from Crypto Beast, he strongly denied any plans to launch such a project, thus putting an end to speculation.
Although Mr. Beast admitted that creating a memecoin could generate huge financial gains, he made it clear that it was not something he was interested in.
Despite its clarification, some critics expressed frustration. A viral comment even labeled he’s a greedy d*ck», reflecting the divided opinions on his decision. While some fans are disappointed that this isn’t happening, others are relieved that he chose to avoid launching a memecoin.
Past allegations raise doubts
Allegations regarding MrBeast’s past activities in the crypto world have resurfaced, raising eyebrows. Reports from consultancy firm Loock.io suggest that MrBeast and his associates could have made millions from low-cap tokens through insider trading.
These claims are supported by on-chain data, which reportedly linked around 50 wallets to him.
Although nothing has been officially proven, these allegations have added a layer of skepticism to ongoing discussions about memecoin potentially launching into crypto projects.