• News
    • Tech News
    • AI
  • Gadgets
    • Apple
    • iPhone
  • Gaming
    • Playstation
    • Xbox
  • Science
    • News
    • Space
  • Streaming
    • Netflix
  • Vehicles
    • Car News
  • Social Media
    • WhatsApp
    • YouTube
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
TikTok
Snapchat
WhatsApp
Submit Your Content
MrBeast says he could make 'millions' by launching a memecoin but has a one reason why he won't

Home> News> Tech News

Published 16:28 20 Jan 2025 GMT

MrBeast says he could make 'millions' by launching a memecoin but has a one reason why he won't

He won't be following in Melania Trump's footsteps

Tom Chapman

Tom Chapman

Featured Image Credit: Scott Olson/Staff / NurPhoto/Contributor / Getty
MrBeast
Cryptocurrency
Social Media

Advert

Advert

Advert

With an estimated net worth of up to $1 billion, Jimmy "MrBeast" Donaldson makes his money from YouTube, his Beast Burger, Feastables, and more. With more subscribers on his YouTube account than there are people in the United States, MrBeast has made a name for himself with his viral videos.

He's recently been talking about a potential purchase of TikTok to save it from being banned, but in another corner of the tech world, he's spoken out about a potential move into cryptocurrency. Donald and Melania Trump have just launched their own memecoins, and as they have shown in such a small amount of time, memecoins can be pretty lucrative. Then again, the disaster of Haliey "Hawk Tuah Girl" Welch being accused of making her own as a scam shows that it's not that easy.

MrBeast has shut down memecoin rumors (Alexi Rosenfeld / Contributor / Getty)
MrBeast has shut down memecoin rumors (Alexi Rosenfeld / Contributor / Getty)

Posting on X (formerly Twitter), MrBeast said: "I could probably launch a meme coin and make hundreds of millions of dollars but idk. Just feels icky, I’ll pass."

Advert

If one 13-year-old boy can make $30,000 off a memecoin, we're sure MrBeast could do it. Then again, the mention of it being 'icky' is something echoed by a lot of people.

Memecoins have been referred to as 'gambling’, with UK-based memecoin trader Sam Baker saying most of them are based on internet trends that "you have never even heard of" and rely on influencers pushing them on social media.

Baker admits there's 'no intrinsic value' in memecoins and no rhyme or reason to which ones flourish while others flop: "It is a pure form of gambling. It is like buying a lottery ticket. But some of them are going to rise by 10,000% or 20,000%."

Speaking to The Guardian, Baker continued: "It’s monetising people’s attention from social media. It’s a crossover from web 2.0, which is social media, to web 3.0, which is decentralised finance and crypto.

Advert

“Although they are bonkers, memecoins represent the modern monetisation of the attention economy."

Recent memecoin launches even involve ones based on Squid Game, which we're surprised MrBeast hasn't got in on given his controversial Beast Games series.



The idea that MrBeast was going to launch a memecoin kicked off when the Solana Foundation started following him on X. This was followed by a post from the Crypto Beast account saying the launch would happen in just a few days.

Advert

It seems that most are happy MrBeast won't be dipping his toe in the memecoin pool.

One critic wrote: "It’s definitely tempting given how quickly meme coins can rise in value, but I get why it might feel 'icky.'

"The volatility and speculative nature of meme coins can sometimes make it feel like a risky or shallow move, especially if you’re not fully invested in the long-term value. It’s a solid choice to pass if it doesn’t sit right with you!"

Another added, "It’s icky amplified by 100. It’s dirty in every way and the fact that the president and First Lady are doing it, makes me feel like the end is near."

Advert

Some wanted him to try it, with a third concluding: "You could make hundreds of millions of dollars and give it to charity. It should help a lot of people."

At least we won't see MrBeast going the way of Hawk Tuah Girl where he can be accused of losing his fans their life savings.

  • OnlyFans model Sam Frank says Vitaly Zdorovetskiy 'won't make it out' of Filipino prison as influencer faces 24 years
  • MrBeast reveals why he stopped making his most popular type of video
  • MrBeast finally addresses 'crypto scam' allegations amid growing criticism
  • MrBeast reveals he doesn't make any money from YouTube content despite spending $120,000,000 in one year

Choose your content:

15 hours ago
16 hours ago
17 hours ago
  • 15 hours ago

    US deals with security breach as AI scammer impersonates Secretary of State Marco Rubio to foreign ministers

    The scammer was sending AI-generated voicemails

    News
  • 16 hours ago

    Investor who sold revolutionary tech for 300 Bitcoin is worth a small fortune decade later

    He's been all in on Bitcoin since he was 12

    News
  • 16 hours ago

    Tragic story of once bustling California town left 90% destroyed by one small piece of metal

    The fire tragically claimed the lives of 85 people

    News
  • 17 hours ago

    Man branded 'dishonest and deceitful' fired after company discovered he was faking over 100 hours of work at home

    A warning to others who think they can slack off when working from home

    News