Does YouTuber MrBeast Own $PEPE Coin? Here's The Link A Twitter User Found

A prominent YouTube personality, known for his involvement with cryptocurrencies and non-fungible tokens, has been potentially linked to PEPE Coin PEPE/USD. A Twitter user has pieced together evidence suggesting that a digital wallet associated with MrBeast may hold ownership of the said cryptocurrency.

What Happened: Known best as MrBeast, Jimmy Donaldson is one of the most followed people on YouTube with 163 million subscribers.

Over the years, MrBeast has released videos that give away cash and prizes to his friends and random people. The YouTuber has also been philanthropic in recent years, helping people with the gift of sight, school supplies, clothes and money to those in need.

A video that turned the popular Netflix series “Squid Game” into a real-life competition became Donaldson’s most-watched YouTube video ever, with 449 million views.

 

As MrBeast's popularity surged and his subscriber count grew, he has been associated with the cryptocurrency industry, often expressing a positive stance towards coins like Bitcoin BTC/USD.

A partnership with Coinbase Global COIN previously saw MrBeast highlight Bitcoin, Ethereum ETH/USD and Dogecoin DOGE/USD as three cryptocurrencies you could buy on the popular platform. Coinbase offered $10 in free Bitcoin to anyone who signed up from MrBeast’s “Last to Leave Circle” video.

MrBeast has acknowledged owning Bitcoin in the past and also owning CryptoPunk NFTs, one of the most popular and valuable non-fungible token collections of all time.

Thanks to these previous comments, Coinbase Director Conor Grogan thinks he found a popular cryptocurrency being held in a wallet controlled by MrBeast.

“Mr. Beast (or someone in control of his wallet) has made $80k day-trading PEPE over the last few weeks. He currently owns $150K of the coin,” Grogan tweeted. “This wallet also matches up to public comments made about his NFT holdings.”

The wallet is shown as holding 93.24 billion PEPE, valued at $151,990. 

Grogan, who is listed as the Director of Product Strategy & Business Operations at Coinbase on his LinkedIn, said the wallet belongs to MrBeast. The wallet was previously listed as one that bought CryptoPunk #939.

MrBeast replied to the CryptoPunk bot announcing the sale for 50 Ethereum, saying he bought that one. The tweet by MrBeast was later deleted.

In an interview with Logan Paul, MrBeast revealed that he was turned onto CryptoPunks by Gary Vee and bought several of them before selling at a 20x to 30x profit. MrBeast has also shared that he put $1.5 million into Bitcoin previously.

Related Link: Pepe Coin Soars 44% Amidst Institutional Bitcoin ETF Frenzy

Why It’s Important: Pepe launched in mid-April and quickly soared in value. The cryptocurrency has gained in its number of holders and saw a push for platforms like Coinbase to offer trading of the coin.

While no confirmation has been given that this is an active wallet belonging to MrBeast, or that it's the YouTuber himself making the trades, it signals optimism for a cryptocurrency that has been in the spotlight in 2023.

The wallet in question with the PEPE Coin previously owned CryptoPunk #939 and also previously held multiple Punks, selling at least eight of them.

The since-deleted tweet by MrBeast could have been trolling by the popular YouTuber, or could have been deleted to keep people from tracking his wallet.

MrBeast shared that his home was broken into and a laptop that had his seed phrase written out on it was stolen. The robbers failed to clean him out of his Bitcoin, though.

Coinbase previously faced backlash for an email sent about meme coins, where it highlighted PEPE Coin being linked to the Pepe the Frog character and labeling it as a hate symbol.

Holders of PEPE Coin were upset by the wording in the Coinbase email, which prompted an apology from the company’s Chief Legal Officer Paul Grewal.

With no official apology from Coinbase or CEO Brian Armstrong, many in the community thought it was too little and too late, as some users decided to move to other cryptocurrency platforms that offered PEPE instead of sticking with Coinbase.

The post by Grogan also prompted a user to ask if this meant Coinbase was going to list PEPE on the platform.

“I have absolutely zero say in our listings (handled by a completely separate team w/strict policies) but I do appreciate how vocal fans are in my mentions,” Grogan said.

Read Next: MrBeast Says He Was Invited To The Titanic Submarine 

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