Beast (BEAST): What It Is, Uses and Risks

BEAST is a community-led meme token issued on Ink, an Ethereum Layer 2 network built on the OP Stack. The project takes inspiration from “Beast,” a purple character Kraken has publicly used as a mascot. BEAST gives the character an independent on-chain community presence through memes, original media and community campaigns.

The name and inspiration do not mean that Kraken issues or officially supports the token. BEAST is independently operated and is not officially affiliated with Kraken. Treat it as a separate crypto project, not as a Kraken product or a token that represents ownership in the company. Public sources present BEAST primarily as a community and meme token; it does not establish a claim on revenue, a right to redeem the token, or a specific financial function.

The stated role of BEAST is to support an independent community around its mascot inspiration. Project activity is described as including original media, memes, community campaigns and participation across the Ink ecosystem. The token also has an active BEAST/WETH market on InkySwap, a decentralized exchange on Ink.

These activities do not, by themselves, make BEAST a governance token or give holders guaranteed access to services, rewards or decision-making. No specific voting rights, fee-sharing mechanism or required use for an app is established. Before treating any community activity as a token benefit, check the project’s current official materials and the token’s contract details. Meme-token demand can depend heavily on community attention, which may change quickly and is not a dependable measure of long-term use.

BEAST has a maximum supply of 1 billion tokens. As of 2026-11-05, the reported circulating and total supplies were both about 999.76 million, close to that maximum. The figures suggest that nearly all of the stated maximum supply was in circulation at that time, but supply data can change and should be checked before making a transaction.

As of 2026-11-05, BEAST traded at about $0.00135, with a market capitalization and fully diluted valuation of about $1.4 million each. Reported 24-hour trading volume was about $36,400. These are time-sensitive market figures, not guarantees of what a token can be sold for. A low unit price does not mean a token is inexpensive relative to its supply or market value, and thin trading can make it harder to trade at an expected price.

BEAST is issued on Ink and is not listed as a native token of any chain. Ink is an Ethereum Layer 2 built on the OP Stack. The project description identifies a BEAST/WETH market on InkySwap, but the existence of a trading market does not ensure that trades will always be available or that prices will remain stable.

To hold BEAST, use a wallet that supports Ink and can handle the relevant token standard. Before sending funds, confirm that the wallet is connected to Ink and that you have the correct BEAST contract address from a source you trust. Do not rely on a token name or ticker alone: unrelated tokens can share them. Keep your recovery phrase private and offline, and never share it with a person or website claiming it is needed to receive tokens.

BEAST carries the risks common to small, community-driven meme tokens. Its market value can move sharply as attention and trading activity change. The reported market capitalization and trading volume are relatively small compared with major cryptocurrencies, so liquidity may be limited and a large trade could affect the price. You could lose some or all of the value you put into the token.

There is also project and technical risk. Community activity may not continue, token details can be misrepresented, and sending assets on the wrong network or to an incorrect address can result in an irreversible loss. Verify the contract and network independently, be cautious of unsolicited claims about Kraken or guaranteed returns, and do not assume the mascot connection means official backing. This is general information, not a recommendation to buy or sell.