According to online reports, according to chain detective ZachXBT, crypto KOL Crypto Beast was suspected of manipulating the ALT token price to plummet from US$0.19 to US$0.003 on July 14, and its market value collapsed from US$190 million to US$3 million. ZachXBT found through on-chain analysis that Crypto Beast had previously actively promoted ALT tokens, and more than 45 associated internal wallets sold tokens worth more than US$11 million. Crypto Beast's publicly shared wallet address traces back to a Celestia address that transfers money to multiple exchanges, including Kucoin, Sideshift, Binance and HTX, to fund sidechain wallets. ZachXBT said Crypto Beast removed all posts promoting the token after the crash, previously denying that it was involved in the price collapse.