Before Musk gave him $1 million, he earned $600,000 by issuing tokens.

Author: Cookie, BlockBeats

On February 4th, X announced the winners of the million-dollar article contest, with @beaverd taking the top prize for “Deloitte, a $74 billion cancer metastasized across America.” He received a reward of one million dollars. In the English-speaking community, Beaver is also considered a relatively well-known meme coin enthusiast, so his win was seen as encouraging in the crypto space. However, the day before yesterday, Bubblemaps posted a tweet accusing him of being a “serial rugger,” claiming he manipulated coin prices to earn $600,000 in profit. Bubblemaps stated that they found a related address “2mQB8o” linked to Beaver’s public Solana address, and this address issued the token $SIAS on pump.fun. After deployment, $SIAS quickly reached a market cap of $6 million within 7 minutes, then, after another 10 minutes, due to a large sell-off by the developer, it rapidly collapsed to zero. After collapsing, the token’s Twitter account was also deactivated. Bubblemaps further pointed out through on-chain analysis that Beaver was not only the developer but also used four other addresses to sniper the token, earning a total profit of $600,000. Finally, Bubblemaps noted that all addresses tracked related to Beaver did not just issue this one token but many, all of which have now gone to zero. In response to Bubblemaps’ accusations, Beaver’s reply was as wild as his Milady avatar:

“Let me cry rivers for myself. Also, this is not even one of my top 5 most successful plays.”

Such responses from Beaver have garnered him quite a bit of support. In the English community, Beaver is popular for being “funny,” similar figures include Bob Lax, Mitch, and others. An imperfect analogy might be the Chinese community’s Liang Xi. This is an interesting aspect of crypto subculture—both in Chinese and English circles, many players hold the view that “betting and accepting loss” is part of the game—meme coins are essentially gambling, and developers making money from an entertaining perspective is their skill. Since they gamble, they must take responsibility for their actions.

“Issuing trash coins is a crime that does not infringe on others.”

Some also believe that Beaver did not promote $SIAS through his Twitter account (Bubblemaps admits this in their accusation but also points out that Beaver even profited from trading with his public address, which shows boldness), so Beaver is not considered “fraudulent,” only that he lost to those he bet against. Supporters of Beaver even mock Bubblemaps’ token $BMT’s market performance, claiming that compared to Beaver, the ICO and promises made by Bubblemaps are the real illegal scams and should be held accountable: The reason Beaver is popular, besides the interesting subculture in crypto, is also due to his project Somaliscan. Somaliscan is an open-source data website tracking over $55 trillion in U.S. government spending, exposing massive corruption in U.S. refugee resettlement programs (especially Somali aid). The data on this site covers U.S. government expenditures, political donations by officials, healthcare funding flows, federal loans, and connections to Epstein-related personnel, among other things. The article that earned Beaver the million-dollar prize revealed that Deloitte secured a $40 billion contract with the U.S. government but caused an estimated $34 billion in losses due to corruption—this was also a discovery he made while building the Somaliscan database. Therefore, Beaver is regarded as a hero by right-leaning English-speaking players, especially in the U.S. In response to his winning the million-dollar article award, he immediately promoted Somaliscan and included a CA in the comments of his tweet: Disregarding emotional factors, this incident has once again sparked a long-standing debate in the crypto community—if someone issues a token and manipulates the price but does not promote it, should they be criticized? This debate will not end unless the market ceases to be so ruthless.