The Rise and Fall of Alpha & The Role of CryptoBeast
The Alpha token (by the way, it is one of the few existing under the same symbol… another crypto issue that we will discuss on another article) was one of the most hyped projects in recent months, driven by aggressive narratives and high-profile endorsements. Among them was CryptoBeast, a self-proclaimed market expert who promoted Alpha as a game-changing opportunity (click here to read our previous article about the Alpha token’s rise and fall).
The screen shot below illustrate the kind of blind and unethical hype that Crypto Beast was adding into Alpha token, implying a USD 3 billion market cap potential:
Let’s also not forget that while Crypto Beast was hyping Alpha to the moon, with its artificially inflated market cap reaching hundreds of millions (close to USD 230M at its peak), Alpha, the project didn’t even have a platform yet(!!). While advertising some “revolutionary features” (we are being ironic by the way) as you can see below:
The hype cycle followed a classic pattern, early accumulation, aggressive marketing, a price surge, and the inevitable collapse. As liquidity drained and Alpha crashed, the same influencers who shilled it went silent, leaving retail investors holding the bags. The marketing campaigns were always visually impactful while lacking any substance:
We saw this coming. From the very beginning, we publicly called out the red flags, Alpha lacked solid fundamentals, the trading patterns looked questionable, and some well-known bad actors were involved. But we didn’t just stop at warning people.
Why We Took This On-Chain
Crypto is full of speculation, but on-chain data doesn’t lie. Instead of relying on narratives, we decided to dig deep into the real transactions behind Alpha’s lifecycle.
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Who were the real winners and losers?
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Were there insider wallets accumulating and dumping at key moments?
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How much of Alpha’s volume was wash trading versus organic transactions?
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Was there bot behavior manipulating price action?
To answer these questions, we launched a full on-chain forensic analysis, extracting and structuring millions of Alpha transactions.
Our Data Ingestion & Analysis Process
Building a comprehensive dataset wasn’t easy. We:
1️⃣ Extracted and indexed every Alpha-related on-chain transaction from Solana.
2️⃣ Filtered transactions by type, sender/receiver, and pattern recognition.
3️⃣ Processed large-scale JSON data to uncover hidden details.
4️⃣ Built multiple tracking scripts to analyze different behaviors.
This isn’t just one analysis—it’s a full investigative suite.
Our 11+ Data Analysis Scripts: What’s Coming Next?
Each of our scripts focuses on a different aspect of Alpha’s trading activity to bring full transparency.
📊 1. PnL per Wallet (Long Tail Analysis) – Our first major insight. Who actually profited, who lost, and how gains/losses were distributed? The vast majority of wallets are in the red, but some wallets exited at the top.
🤖 2. Bot Detection & Algorithmic Trading – Identifying wallets that traded Alpha in predictable, high-frequency patterns—suggesting market-making bots or price manipulation.
🔄 3. Wash Trading Analysis – Flagging wallets that repeatedly bought and sold Alpha to themselves to inflate volume and create fake demand.
🐳 4. Whale Movements & Insider Tracking – Finding key wallets that accumulated Alpha before the pump and exited before the dump.
📉 5. Exit Liquidity Mapping – Who dumped their bags on retail? We analyze where the biggest sales were executed and who absorbed the losses.
🚀 6. Pump & Dump Timeline – Mapping out the exact phases of Alpha’s rise and fall, correlating major price moves with transaction spikes.
📡 7. Cluster Analysis – Grouping connected wallets to identify whether insiders were distributing tokens among multiple addresses to disguise exits.
🔍 8. Suspicious Wallet Behavior – Spotting wallets that made highly coordinated trades, withdrew liquidity before crashes, or interacted with known exploiters.
📜 9. Token Unlock & Team Wallets – Tracking developer/team-controlled wallets to see if they were quietly selling while promoting the token.
🛠 10. Exchange & Liquidity Pool Monitoring – Checking if CEX deposits surged at key price points, signaling large-scale exits.
💰 11. Airdrop & Unknown Transaction Investigation – We found hundreds of thousands of transactions with unknown sources—likely airdrop farming, bots, or stealth distributions. These need further investigation.
…and we will add more as we go deeper.
What’s Next?
Our first charts and insights will be published on X:
✅ Extract more granular data on each transaction and attribute USD equivalent as well
✅ Analyze wash trading & bot behavior
✅ Investigate insider movements
✅ Track liquidity pool drains and hidden dumps
✅ Expose suspicious wallet clusters
This is just the beginning. We aim to publish a comprehensive blog post on the full process and our conclusions on a detailed blog post soon.
Follow Along for the Deep Dive
Our first key findings will be released soon, starting with PnL per Wallet – Long Tail Analysis.
If you want real, data-driven insights, follow us on X (@cryptofundst) and stay tuned for the full blog post coming soon.
🔎 We’re here to cut through the noise and expose reality.
About Crypto Fundamentalist
We’re not just critics, we’re builders of a future where real fundamentals guide this industry. If you’re tired of scams, hype cycles, and exit liquidity games, we invite you to join our movement.
Ready to see crypto reach its true potential?
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Follow us on X: @cryptofundst – Stay up-to-date with sharp insights and fearless analysis.
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Read our Manifesto: Understand our long-term vision for accountability, sustainability, and real-world impact.
Together, we can push for the systemic changes crypto needs to evolve from a speculative playground into a revolutionary financial ecosystem.