Youtuber James Stephen Donaldson, popularly known as Mr Beast, has dismissed rumors of launching a memecoin as he finds it “icky.” However, he finds himself at the end of greed accusations for not doing so.

Solana’s official account followed Mr Beast on X, igniting speculation about him launching a memecoin on Solana, as celebrities like Iggy Azalea and Caitlyn Jenner have done in the past. Fans expected that the YouTuber could be the next prominent name in the memecoin game.

I could probably launch a meme coin and make hundreds of millions of dollars but idk. Just feels icky, I’ll pass.

— MrBeast (@MrBeast) January 19, 2025

The rumors were fueled further on January 18 when Crypto Beast claimed that Mr Beast’s memecoin could soon be launched. The account shared a screenshot of a DM from an apparent source telling him about the anticipated memecoin. The post was legitimized by Crypto Beast’s claim as “the first to post $TRUMP.”

Mr Beast quickly dismissed the falsehood by directly responding to Crypto Beast’s post. He acknowledged that launching a memecoin could bring him “hundreds of millions of dollars” in profit, but he is unsure.

He passes on the idea, calling it “icky.”

Mr Beast faces ‘greed’ accusations for not launching memecoin

If one hypothesized the launch of Mr Beast’s memecoin, it’s not beyond the realm of possibility that it would gain traction from his massive audience and Solana’s growing community. As compared to the TRUMP memecoin, the YouTuber’s audience and crypto enthusiasts would boost the adoption rates, something the YouTuber himself.

One fan suggested under the post that Mr Beast could connect the token to philanthropic causes for the projects related to his charity works.

Another fan was offended by the YouTuber’s “greed.” The user named said, “This guy will do anything for money and attention but dropping a coin so other people can make money off his brand.” Mr Beast replied under his tweet that he never imagined being called greedy for not launching a memecoin.

I never imagined I’d be getting called a greedy dick for NOT launching a meme coin but here we are. What is life anymore 😭

— MrBeast (@MrBeast) January 19, 2025

Meanwhile, the speculation also resurrected discussions regarding the investigation into Mr Beast’s past crypto involvement. The investigation claimed that the famous YouTuber and his partners gained millions through insider trading on low-cap tokens.

On-chain data links about 50 wallets to Mr Beast, which raised transparency questions. These questions were based on his Ethereum wallet disclosed during the NFT hype back in 2021.

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The crypto market has recorded its highest weekly inflow this year, reaching an impressive $2.2 billion.

According to the latest CoinShares report, this influx of capital was fueled by growing excitement around Donald Trump’s Jan. 20 inauguration. The firm noted that the surge pushed total year-to-date inflows to $2.8 billion.

This influx has also pushed assets under management (AUM) to a record high of $171 billion. The surge coincided with Bitcoin’s impressive performance, with the flagship crypto climbing nearly 20% over the past week to hit an all-time high near the $110,000 mark.

Meanwhile, the market also experienced a corresponding spike in exchange-traded product (ETP) trading volumes, which reached $21 billion last week.

James Butterfill, CoinShares head of research, pointed out that this number accounted for 34% of Bitcoin’s trading activity on leading exchanges. This robust number highlights growing institutional interest and the increasing mainstream adoption of crypto.

Bitcoin and XRP shine

Bitcoin continued its dominance, securing $1.9 billion in inflows last week and bringing its total for the year to $2.7 billion.

The report highlighted that spot Bitcoin ETFs, offered by key players like BlackRock, Fidelity, Ark Invest, and Bitwise, collectively attracted over $2.1 billion in inflows. The inflows are seen as a positive response to market optimism about supportive regulatory policies expected under the incoming administration.

Interestingly, short-Bitcoin products registered modest inflows of $500,000, a surprising deviation from typical bearish behavior during bullish trends.

Meanwhile, Ethereum drew $246 million in inflows, marking a reversal of its previous outflows this year. However, the second-largest crypto continues to underperform in comparison to its peers.

Butterfill noted that Ethereum remains the weakest performer this year from an inflow perspective despite significantly outpacing Solana, which brought in $2.5 million last week.

On the other hand, XRP has proven to be a standout performer, attracting $31 million in inflows last week. Since mid-November 2024, XRP’s total inflows have reached an impressive $484 million, underscoring its growing appeal to investors.

Stellar followed with smaller inflows of $2.1 million, while other altcoins showed little activity during the period.

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