According to on-chain investigator @zachxbt, a timing analysis of transactions has established a direct link between the public wallet known as 'Crypto Beast' and wallets that sold a significant amount of AltLayer (ALT) tokens on July 14, 2025. The analysis presented by @zachxbt proves this connection by showing that the same Celestia address was used to fund all the bundled wallets. These wallets subsequently performed instant exchanges from Celestia to Solana, tying the funding source directly to the wallets that executed the ALT token sale.

According to @lookonchain, EtherFi, Renzo, and AltLayer have collectively airdropped approximately $5 million worth of tokens to EigenLabs employees. On-chain data reveals that EtherFi distributed 10,491 $ETHFI tokens to each of 44 addresses, totaling 461,600 $ETHFI, valued at $3.69 million at its peak. Notably, 31.2% of the airdropped $ETHFI has already been sold.