Alleged MrBeast-linked wallet accumulates over $1M in ASTER

A wallet allegedly linked to the world’s largest YouTuber, MrBeast, has accumulated over $1 million worth of BNB Chain-based decentralized exchange token ASTER over the past few days.

According to the on-chain analytics platform Lookonchain, the latest transaction is one of many that the YouTuber has reportedly conducted through wallets attributed to him.

A few hours before Lookonchain’s Sep. 29 update, this wallet transferred 320,587 USDT to purchase 167,436 ASTER tokens, pushing the cumulative total to 705,821 ASTER, roughly $1.28 million at acquisition.

These purchases come on the heels of earlier reports by Lookonchain from Sep. 26, where it was noted that the same wallet had accumulated 538,384 ASTER tokens (worth around $990,000 at the time) over three days, with an average entry price estimated at $1.87 per token.

At the time, 1 million USDT was deposited using two wallets, 0x9e67, which is publicly associated with MrBeast, and 0x0e8A, a newly created address.

The first reported transaction tracked by Lookonchain took place on September 21, when the YouTuber’s public wallet sent 114,483 USDT to Aster, marking what appears to be the start of this accumulation spree. (See below.)

Although blockchain data clearly links the transactions to wallets previously associated with MrBeast, the YouTuber himself has publicly denied any involvement. Replying to one X user on Sep. 22, MrBeast said he had “never heard of that coin” and insisted that the wallet identified by 0x9e67 was not his and warned followers not to be misled by anyone pretending to act on his behalf.

However, the speculation around the YouTuber’s involvement with ASTER didnot translate into any major price swings, with the token up a little over 3% at press time, trading it $1.92.

Since its launch on Sep. 17, the ASTER token has rallied over 1800% in less than two weeks to hit an all-time high of $2.41. 

Much of the hype around the token stems from support from industry heavyweights like former Binance CEO Changpeng Zhao, who has hinted at plans to contribute to the decentralized ecosystem, and the role of Aster as a leading decentralized perpetual exchange.

Aster has also managed to dethrone its top competitors, including Hyperliquid and Lighter, in both revenue and trading volume. At the time of writing, it ranked as the number one perpetual DEX by 24-hour volume at $42.88 billion, compared to Lighter’s just $5.75 billion, its closest rival.

This rapid rise to fame has managed to trigger noticeable whale activity around the token. Data from Nansen indicates that the total amount of ASTER held by whales has jumped from 10.1 million to 72.76 million over the past 7 days.