Crypto investigator ZachXBT revealed that crypto KOL “Crypto Beast” heavily promoted ALT on X and Telegram earlier this month. On July 14, the token’s market cap plummeted from $190 million to $3 million after 45 wallets linked to him collectively dumped their holdings, cashing out over $11 million. Crypto Beast was also previously involved in similar scams, including ALPHA, RICH, and YE.