# Ethernity Chain

## Ethernity Chain (ERN)

[Ethernity Chain](https://www.ethernity.io/) launched in 2021 as a secure platform for authenticating and trading NFTs. Built on Ethereum, it provided a trusted marketplace for digital collectibles and has since transitioned to a Layer 2 solution to enhance scalability. With AI integration, Ethernity aims to streamline operations in the entertainment sector.

However, the project’s promotional strategy and token allocation raise concerns. Influencers like MrBeast actively promoted Ethernity Chain through tweets, his presence on ERN's website, and participation in Twitter Spaces. [KoroushAK](https://x.com/koroushak?lang=en) and [CryptoRand](https://x.com/crypto_rand?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) also played key roles in promoting Ethernity Chain, with on-chain activity revealing significant token dumps and profit-making undermining the narrative of long-term commitment to the project.

<figure><img src="/files/yxT4aTXXUB9pppKnXPYu" alt=""><figcaption><p>MrBeast endorsing ERN</p></figcaption></figure>

<figure><img src="/files/20BvY2zRWp79qMKA0tM9" alt=""><figcaption><p>MrBeast's branding used by ERN</p></figcaption></figure>

**On-chain investigation** revealed these allegations to be somewhat true as we dug deep into the burrow, and Blockscope's Tracer helped us map out MrBeast's ERN saga. MrBeast received $ERN tokens from the presale and additional allocations, which he accumulated and transferred to his side wallets *0x9b006708af63a779d8146ca91a2ae2d34cf0b830* and *0x2eb7d3c6b31b70a480d4af1bd8cd05c1b10d38d6*, subsequently selling them for substantial profits.

<div data-full-width="true"><figure><img src="/files/fAOTl490r6UVCarvIRug" alt=""><figcaption><p>ERN Tracer</p></figcaption></figure></div>

### Breakdown and Timeline

• On **March 8th, 2021** MrBeast wallet *0x9e67d018488ad636b538e4158e9e7577f2ecac12* received 72.7K $ERN from the pre-sale. Tx. Hash: *0x056c951764832173f40437df83162d4f461feb218b337ae9dcd2c8ef5670cbbe*

<figure><img src="/files/FUMdOf4tt8QTyxZloyvC" alt=""><figcaption><p>Pre-sale supply of $ERN</p></figcaption></figure>

• On **May 3rd, 2021** MrBeast wallet transfers 35K $ERN to side wallet *0x2eb7d3c6b31b70a480d4af1bd8cd05c1b10d38d6*. Tx Hash: *0x695af62963c0ce98de212097263e17640edbea7ce30ad3ed75cf7defaa3a79d9*. By **May 4th, 2021** the side wallet *0x2eb7...* emptied the wallet within the same day in multiple transactions, netting around $850K in profits.&#x20;

<figure><img src="/files/iE4SSTCOmzApLzwkJLa2" alt=""><figcaption><p>Transfer of 35K $ERN to 0x2eb7</p></figcaption></figure>

<figure><img src="/files/tkwdxjrCSNWq1sPoG3zw" alt=""><figcaption><p>0x2eb7.. sold all supply in one day</p></figcaption></figure>

• On **May 4th, 2021** MrBeast transferred 43.4K $ERN to the side wallet *0x9b006708af63a779d8146ca91a2ae2d34cf0b830*. Tx Hash: *0x6e40aaaa326ecfe2edc12d1719f57b5dfce76936d516c1a9b041df38483f037f*. And similar to 0x2eb7, it sold all the supplies from **May 4th to May 13th**, profiting around $1M.

<div data-full-width="true"><figure><img src="/files/zWIAat4nLr9VoDB2Gvvc" alt=""><figcaption><p>43.4K $ERN transfer</p></figcaption></figure></div>

<figure><img src="/files/m9SsSPryU1SNUleuO6Ce" alt=""><figcaption><p>0x9b00 sold all the supply till May 13th</p></figcaption></figure>

• On **October 29th, 2021**, MrBeast's wallet received 181.8K $ERN, which he sold all the supplies on **November 30th**, nearly making $3M in profits.

<figure><img src="/files/EvNhVnuM8QIkzsCVts1Y" alt=""><figcaption><p>MrBeast sold all $ERN supply</p></figcaption></figure>

• Parallelly, in **May 2021** MrBeast's main wallet got 54.5K $ERN, which he transferred to his side wallet *0x5ba15F9208C98a1c263A3D18EC6ca93778d1547e* on **October 18th, 2024,** which he is still holding.

<figure><img src="/files/6gCF4OtrgCgieYfthqaD" alt=""><figcaption><p>54.5K $ERN transferred to 0x5ba1...</p></figcaption></figure>

The Ethernity Chain investigation reveals that MrBeast’s on-chain activities resulted in profits exceeding **$4.6M**. While his wallet still holds some $ERN tokens in 2024, the pattern of significant sales raises questions about long-term intentions versus short-term gains.


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