Meme Insider
The MrBeast token, symbol MrBeast, is a meme coin circulating on the Solana blockchain. Its name references the hugely popular YouTuber Jimmy Donaldson, known as MrBeast. But is this token actually associated with the celebrity, and what should blockchain practitioners know before considering it?
The Backstory: Community Hype vs. Official Endorsement
The MrBeast token has sparked plenty of chatter in the crypto world, mainly due to its high-profile name. Speculation began swirling in January 2025 after the Solana Foundation's X (Twitter) account followed MrBeast, leading many to believe there could be a collaboration or an official memecoin launch. Social media amplified this buzz, with some users even claiming MrBeast was launching a Solana-based meme coin.
However, MrBeast himself quickly set the record straight. On January 20, 2025, he publicly denied any involvement or plans to release a crypto token. He emphasized that launching a memecoin didn’t align with his values, especially regarding his philanthropic brand and reputation. Despite this clear denial, tokens using the MrBeast name—like the one at address cDkTvtXwJLqAS5NqpiwoTT2cbe6GkPBfBwkb5kppump—continue to pop up and get traded.
Key takeaway: The MrBeast token on Solana is not officially affiliated with or endorsed by MrBeast. It appears to be a fan-driven or opportunistic project riding the wave of his popularity.
Tokenomics and Technical Details
- Token Symbol: MrBeast
- Token Address:
cDkTvtXwJLqAS5NqpiwoTT2cbe6GkPBfBwkb5kppump - Network: Solana
- Decimals: 8
- Market Capitalization: Reports vary widely—some sources say as low as ~$2,700, while others cite figures up to ~$761,000, underscoring high volatility and inconsistent reporting.
- Total/Circulating Supply: Most recent sources indicate about 999.12–999.33 million tokens in both total and circulating supply.
- Number of Holders: Around 62 (as of latest available data).
- Trading: The token is available on decentralized exchanges like Raydium, and can be managed via wallets such as Phantom. Note that some exchanges like Coinbase only report market data and do not support direct trading for this token.
- Verification: The token is frequently labeled as “unverified” across major platforms. Always double-check the contract address and proceed with caution.
Other tokens with the same or similar names may exist but have different contract addresses and tokenomics. Some unofficial “Based Beast Coin” versions promise utility through Telegram bots or charity donations, but these claims do not apply to the Solana MrBeast token described here unless specifically confirmed.
Is There Any Utility?
The MrBeast token does not have a clear, official use case. Some related projects claim to support charity causes or fund massive giveaways in line with MrBeast’s reputation, but there is no direct confirmation of such initiatives from the real MrBeast or the Solana team.
Most likely, its main use is for speculative trading—typical for memecoins whose prices are influenced more by social media buzz and market sentiment than by any intrinsic value.
Market Performance & Sentiment
- Price Volatility: The token price has seen dramatic swings, often mirroring the news cycle or social trends rather than real project progress.
- Liquidity: Daily trading volumes are low, and liquidity is typical of micro-cap memecoins. That means it’s easy for prices to spike or crash unpredictably.
- Sentiment: Social media is split between hype—fueled by those looking for the next big meme coin—and skepticism, especially among users aware of the lack of celebrity backing.
- Scams and Copycats: Scammers have created multiple fake MrBeast tokens, increasing the risk of confusion and financial loss for uninformed buyers.
Major Risks for Investors and Practitioners
- No Official Affiliation: The biggest red flag—MrBeast has publicly denied any involvement. Without official backing, the token’s value is purely speculative.
- Extreme Volatility: Meme coins can rise or fall by double digits in minutes, driven by social media, not technical fundamentals.
- Potential Scams and Rug Pulls: Celebrity-themed tokens without official ties are often targeted for “rug pull” scams, where creators abandon the project after cashing out.
- Unverified Token: Reputable platforms label this token as unverified, which means less transparency and security for holders.
- Limited Utility: There’s no real-world or built-in utility—most buyers are just speculating on the next meme-fueled pump.
- Regulatory Uncertainty: Past allegations of insider trading and lack of transparency in related projects cast further doubt on the legitimacy of similar tokens.
What Should You Do?
If you’re a blockchain professional, developer, or meme coin enthusiast:
- Do thorough due diligence. Check the contract address (see on Solscan), look for official announcements (not just social media buzz), and verify all claims of charity or utility.
- Trade only on reputable platforms. Stick to established decentralized exchanges like Raydium or wallets like Phantom.
- Stay updated on community sentiment. X (Twitter) is the hub for real-time sentiment but beware of hype and fake announcements.
- Never invest more than you can afford to lose. This applies to all crypto, but especially meme coins with unverified status.
For Deeper Analysis and Trading
For those interested in tracking and trading meme tokens more safely, platforms like GMGN.AI provide tools for smart money tracking, real-time analytics, and security checks. This can help you navigate meme token volatility, spot red flags, and manage risk.
You can explore the MrBeast token’s dedicated page with performance data and trading options on GMGN.AI’s dashboard.
The Bottom Line
The MrBeast token on Solana is a cautionary example of how meme coins can leverage a popular name to generate hype, even without official involvement or utility. For blockchain practitioners and investors, it serves as a reminder to approach such projects with skepticism, verify everything independently, and be mindful of the considerable risks unique to the meme token sector.
Stay informed with more insights and updates on meme tokens and blockchain trends at Meme Insider.
