According to @zachxbt, the cryptocurrency $ALT experienced a catastrophic price crash on July 14, 2025, plummeting from $0.19 to $0.003. The sharp decline was reportedly caused by insiders selling a large percentage of the total token supply. The on-chain analyst also noted that an influencer known as 'Crypto Beast' had been aggressively promoting $ALT on X (formerly Twitter) and Telegram earlier in the month, but has since deleted all promotional posts following the crash. This event serves as a critical warning for traders about the risks associated with influencer-backed tokens and potential 'pump and dump' schemes.

According to @zachxbt, an on-chain investigation has revealed how influencer @cryptobeastreal allegedly scammed followers regarding the $ALT token. The investigation alleges that @cryptobeastreal lied about not being involved in the token's market cap crash from $190 million to $3 million. The report identified over 45 connected insider wallets that sold more than $11 million worth of $ALT on July 14, 2025, directly contributing to the price collapse. This highlights significant risks for traders following influencer promotions.

According to The Data Nerd (@OnchainDataNerd), a wallet identified as 0xFEA has withdrawn 400 million $ALT, valued at approximately $19.8 million, from Binance. This withdrawal accounts for 4% of the total supply and 18.68% of the circulating supply of $ALT. Notably, the same wallet previously withdrew 1,000 $ALT from Binance and burned it. Such large withdrawals could potentially impact $ALT's market dynamics and trading activities.