In the ever-evolving world of crypto, where big names can send prices soaring, a recent report from blockchain sleuths at Lookonchain has sparked buzz. According to their latest tweet, popular YouTuber MrBeast—real name Jimmy Donaldson—has allegedly snapped up more ASTER tokens, pushing his total holdings to a whopping 705,821 ASTER, valued at around $1.28 million.

Lookonchain, known for tracking "smart money" moves on the blockchain, shared a screenshot of transaction data showing a wallet linked to MrBeast spending 320,587 USDT (a stablecoin pegged to the US dollar) to acquire 167,436 ASTER just eight hours prior. This follows a pattern of buys over the past few days, with the wallet depositing USDT via services like ChangeNOW and then withdrawing ASTER from what appears to be the Aster protocol's vault.

For those new to the scene, ASTER is the native token of Aster DEX, a decentralized exchange built on the BNB Chain (Binance Smart Chain). It's not your typical meme coin—think more along the lines of a utility token for a platform offering spot trading and perpetual futures with high leverage. Aster aims to be a one-stop shop for global crypto traders, supporting multiple chains like Solana, Ethereum, and Arbitrum. The token powers the ecosystem, with a total supply of 8 billion, and it's been gaining traction in the DeFi space.

This isn't the first time Lookonchain has flagged MrBeast's supposed involvement. Just a few days earlier, on September 26, they reported him buying 538,384 ASTER for about $990K over three days, using a mix of public and new wallets. The average buy-in price? Around $1.87 per token. These insights come from tools like Arkham Intelligence, which labels certain addresses based on on-chain activity— in this case, linking the wallet to MrBeast through transactions involving an NFT or label like "WuTangClan" on OpenSea, hinting at a connection to his known interests.

But here's where it gets juicy: MrBeast himself has pushed back against such claims. Back on September 21, in response to an earlier tweet suggesting he was buying ASTER, he stated, "Never heard of that coin and that’s not my wallet. Also since we’re on the topic I’m never doing a meme coin so don’t get scammed by one pretending to be me." This denial has fueled skepticism in the replies to Lookonchain's post, with users pointing out the contradiction and questioning the wallet attribution.

So, what's the deal? Is Arkham's labeling spot-on, or could there be a mix-up? In the opaque world of blockchain, wallet ownership isn't always straightforward—labels rely on patterns, like fund flows from known exchanges or associated NFTs. MrBeast, with his massive following and history of philanthropy stunts, dipping into crypto could be a game-changer for ASTER's visibility. Yet, his denial suggests caution: always DYOR (do your own research) before jumping in.

As of now, ASTER's price has been on a tear, likely boosted by this hype. If you're eyeing DeFi plays or curious about celeb crypto moves, keep tabs on platforms like CoinMarketCap for live updates. Whether this is MrBeast going all-in on DeFi or just a case of mistaken identity, it's a reminder of how on-chain data can stir up the meme-like frenzy even in utility-focused tokens.

Stay tuned—crypto never sleeps, and neither do the watchers at Lookonchain. For more insights on trending tokens and blockchain drama, check out our knowledge base at Meme Insider.