$ALT 🚨 ALERT: Possible scam with the cryptocurrency ALT (AltLayer)

In July 2025, a serious case of manipulation with the ALT token (AltLayer) was discovered.

The on-chain investigator ZachXBT revealed that a group of over 40 wallets connected to the influencer "Crypto Beast" executed a "pump and dump" for more than 11 million dollars in just a few hours.

🔍 What happened?

1. The influencer promoted the ALT token on social media, generating hype and attracting many retail investors.

2. As the price rose, those wallets started selling massively, causing a price drop of more than 90% in a matter of hours.

3. After the drop, the influencer deleted his posts, attempting to dissociate himself from the case.

4. The total value of the project (market cap) went from 190 million to just 3 million dollars, leaving thousands of people with losses.

⚠️ Signs of manipulation

Promises of great profits and "unique opportunities".

Sales from wallets linked to those promoting the token.

Sharp and sudden price drops.

Locking and unlocking of large amounts of tokens (token unlocks) that increase supply.

Massive movements of tokens to exchanges like Binance, presented as "swaps", but which could be concealed sales.

💣 Conclusion

Although the AltLayer project has not been officially declared a scam, the facts show patterns identical to those of a digital financial fraud.

On-chain evidence and the movements of insiders confirm market manipulation to the detriment of ordinary investors.

👉 Practical recommendation:

Do not buy or reinvest in ALT until there is total transparency regarding the wallets and token unlocks.

If you invested and suffered losses, keep captures and addresses to possibly join a collective action or complaint.

Avoid any project that depends on promotion by influencers or promises of rapidly multiplying your money.