A recent crash in Altcoin (Alt) showed that the old-fashioned rug pull is still alive and well. A crash of ALT, previously driven by influencers, has led the community to accuse the Crypto beast of creating hype for dangerous tokens.
Altcoin (Alt), a crypto token promoted by the influencer Crypto Beast, suffered from rug pulling and erased up to 95% of the holder’s value. The influencer later briefly cleared the X account @cryptobeastreal. When my account was returned, all previous ALT promotions were gone without traces.
The Alt was released on July 9th at a price of $0.018. Within a few days, the tokens were 10 times more highly rated and hype from the community is underway. However, on past days, Alt crashed to $0.003 after a decentralized ragpuuur.
Alt only traded for a few days and relied on the Raydium liquidity pool, making it extremely vulnerable to price manipulation. The ALT was exchanged like other meme tokens, and the whales could easily shake up the price within minutes.
Crypto Beast blames anonymous whales for Alt crashes
While the Alt community was turning the screws on Crypto Beast, the influencer returned on his own side of the story. Crypto Beast posted a list of early wallets.
He then explained that intentional snipers and resale events led to price crashes. With a long X-post, Crypto Beast followed most whale activities.
Altcoin (Alt) survey and why it fell by 85% in minutes:
A group of sophisticated snipers, or “Rug Pillars,” made more than $2.2 million from ALT by buying early and selling slowly along the way.
About a month before the release of Alt Token, we had a wallet…
– Crypto Beast (@cryptobeastreal) July 15, 2025
ALT’s top whale statistics showed that two sniper wallets were able to lock up a significant profit. 8kpy wallet dumped all tokens the night before July 14th and trapped in a profit of 535.6K. The second trading wallet sold ALT at 493.8K. All top wallets were sold in adjustments and settled all Alt Holdings.
The top whales then merged their profits into a single Solana addressholds 2.05m USDC and other meme assets. The trading whales had no further transactions or operations. The destination wallet has been active since January, with mostly Sol and Altcoin transactions.
Crypto Beast denied that the wallet belonged to him, and instead claimed that the whale was irrelevant, attacking the token. Crypto Beast then connected several Alt Traders to pump the token whales. He also believed it was part of the list of groups that pumped Alt and crashed. insider For launching Pump.Fun tokens.
Meme Trader Links Crypto Beast to Old Lagpur
Despite the denial, the Crypto community believes that Alt Token is intentionally promoted and robust by Crypto Beast. Initially, Crypto Beast tried to calm the community by stating that whale sales caused a temporary setback and that tokens would recover.
Just a few minutes later, Crypto Beast temporarily closed its X account after realising that the previous ALT promotion was scrubbed from history.
Just set the record straight.
Over the past week, @CryptoBeastReal has promoted $ALT/ALTCOIN significantly.
This morning, the project is sturdy, ranging from $180 million to $5 million.
In the first few hours after the rug, he tweeted that everything was fine:
“The whales have sold.”
“The developers are still…pic.twitter.com/hxfatrapb3
-Stefan (@chickynuggieman) July 14, 2025
The investigators too It’s attracting attention Some of the most sold whales didn’t actually buy ALT, but they received the token directly. Some whales were also sold, and the Cryptographers still hyped the Alt.
Crypto Beast and previous projects by Alpha Rug pull After peaking at a market capitalization of $1.8 million.
The ultimate responsibility remains uncertain, but the community has gathered research team They seek the task of finding the culprit of Ragpur and ultimately for compensation. As Alt is playing against USDC, if Circle cooperates by blacklisting whale wallets, in theory they can freeze revenue.
Investigators are also preparing to involve law enforcement. ALT Ragpur recalls a previous meme event in which insider whales caused deep crashes within minutes. In the case of ALT, within 30 minutes, Lagpur erased a concept value of over $175 million.
