On February 4th, X announced the winner of its million-dollar article competition. @beaverd, with his piece "Deloitte, a $74 billion cancer metastasized across America," became the ultimate winner, receiving a $1 million reward.
In the English-speaking crypto community, Beaver is a relatively well-known meme coin player, so his win excited the crypto circle. However, the day before yesterday, Bubblemaps posted a tweet accusing him of being a "serial rugger," alleging that he manipulated coin prices to profit $600,000.
Bubblemaps stated that based on Beaver's public Solana address, they discovered an associated address "2mQB8o," which launched the token $SIAS on pump.fun. $SIAS quickly reached a market cap of $6 million within 7 minutes of deployment, but then rapidly plummeted to zero in the next 10 minutes due to large sell-offs by the dev.
After the token crashed to zero, its X account was also deleted.
Through further on-chain analysis, Bubblemaps pointed out that Beaver was not only the dev but also used four other addresses to snipe the token, totaling a profit of $600,000.
Finally, Bubblemaps also noted that all tracked addresses related to Beaver did not just launch this one token but many others, all of which crashed to zero.
In response to Bubblemaps' accusations, Beaver's reply was as wild as his Milady avatar:
Precisely because of Beaver's response, he gained considerable support. In the English-speaking community, Beaver is popular for being "fun," similar to figures like Bob Lax and mitch. To make an imperfect analogy, it's somewhat like Liang Xi in the Chinese circle.
This is an interesting manifestation of the crypto subculture. Whether in the Chinese or English-speaking circles, a significant portion of players hold the view of "you win some, you lose some"—meme coins are essentially a gamble, and if devs can make money through clever means, that's their skill. Since you gambled, you should take responsibility for yourself.
There is also the view that Beaver did not promote $SIAS through his X account (Bubblemaps' accusation also acknowledged this but pointed out that Beaver even profited from the token using his public address, which is an act of audacity). Therefore, Beaver is not guilty of "fraud"; rather, those who bet against him lost to him.
Players siding with Beaver even mocked the market performance of Bubblemaps' token $BMT, arguing that compared to Beaver, Bubblemaps—which conducted an ICO and made promises—is the illegal scam that should be held accountable:
Besides the有趣的 subculture of the crypto world, another reason for Beaver's popularity is his project Somaliscan. Somaliscan is an open-source data website that tracks over $55 trillion in U.S. government fiscal expenditures, exposing massive corruption in the U.S. government's refugee resettlement programs, particularly aid to Somalia. The data on this website covers U.S. government spending, political donations to officials, healthcare system fund allocations, federal loans, and summaries of individuals linked to the Epstein files. Beaver's million-dollar-winning article exposed the massive corruption of Deloitte, which received a $40 billion contract from the U.S. government but caused an estimated $34 billion in losses—a discovery he made while building the database for Somaliscan.
As a result, Beaver is seen as a hero by right-leaning players in the English-speaking community (especially in the U.S.). After X announced his million-dollar article prize, he immediately promoted Somaliscan and included the CA in the tweet's comments:
Setting aside emotional factors, this incident has indeed reignited a long-standing debate in the crypto community—if someone launches a token and manipulates its price but does not promote it, should they be criticized?
This debate will not cease unless the market ceases to be残酷.
