Before Musk Gave Him $1 Million, He Made $600,000 by Launching Coins
On February 4th, X awarded user @beaverd $1 million for winning an article competition with a piece criticizing Deloitte. Beaver, a well-known meme coin trader, was later accused by Bubblemaps of being a "serial rugger" who allegedly made $600,000 by deploying and manipulating the price of a token called $SIAS on pump.fun, which rapidly rose to a $6 million market cap before crashing to zero. Bubblemaps claimed Beaver used multiple wallets to snipe and profit from the token.
In response, Beaver gave a defiant reply, garnering significant support from parts of the crypto community. Supporters argued that since he did not promote the token on his social media, his actions weren’t fraudulent—just a high-risk bet that others lost. Some even criticized Bubblemaps’ own token $BMT as a worse offender.
Beaver is also known for Somaliscan, a data site tracking U.S. government spending and exposing corruption, which earned him admiration, particularly among right-leaning audiences. The incident reignites the ongoing debate in crypto over whether launching and manipulating tokens without promotion constitutes unethical behavior or simply reflects the risky nature of meme coin trading.
marsbit02/12 03:55
