MrBeast Invests Nearly $1M in ASTER Token Amid Market Scrutiny

The purchase comes after he recently lost $20k while going long on the token on September 22. As of writing, ASTER token was trading at $1.79, down 12.39% in the last 24 hours, with a 24-hour volume of $2.52 billion, as per CoinMarketCap data.  MrBeast has previously faced criticism for allegedly hyping tokens and then selling at a profit. Lookonchain revealed he made over $23 million from getting in early on new projects and promoting them. MrBeast’s biggest crypto payday came from SuperVerse. Insiders have reportedly sold during a massive 50x price jump, leaving regular investors with heavy losses.

The controversy didn’t stop there. Reports claimed that he deleted social media posts and leaked private messages, suggesting he may have had ties to other questionable projects. Some of them include Ethernity Chain, Polkamon, STAK, and AIOZ Network. On September 21, Lookonchain noted on X, “MrBeast profited over $23M through insider trading, misleading investors, and using his influence to pump tokens.”

While supporters argue this reflects sharp investing, critics see an exploitative pattern.  According to data from DefiLlama, Aster recently reached $24.7 billion in daily perpetual trading volume, far outpacing Hyperliquid’s $10 billion number. Aster’s token generation event last week attracted attention as well, as Binance Co-Founder CZ acknowledged the high demand for it.