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Before Musk gave him $1 million, he made $600,000 by launching a coin
On February 4th, X announced the winner of the million-dollar article contest. @beaverd, with the phrase "Deloitte, a $74 billion cancer metastasized across America," emerged as the ultimate champion, receiving a $1 million reward.
Within the English community, Beaver is also considered a well-known meme coin player, so his win has energized the crypto community. However, the day before yesterday, Bubblemaps tweeted accusing him of being a "serial rugger," alleging that he made a $600,000 profit by manipulating the coin's price.
Bubblemaps stated that they identified a linked address, "2mQB8o," to Beaver's public Solana address, which released the $SIAS token on pump.fun. $SIAS rapidly reached a $6 million market cap within 7 minutes of deployment, only to crash to zero in the next 10 minutes due to a large dev sell-off.
After the token crash, the X account associated with it was also deactivated.
Through on-chain analysis, Bubblemaps further pointed out that Beaver was not only the dev but also sniped the token with four other addresses, totaling a $600,000 profit.
Finally, Bubblemaps highlighted that all tracked Beaver-related addresses did not just mint this one token but many others, all of which ended up at zero.
Faced with Bubblemaps' accusations, Beaver's response was as wild as his Milady avatar:
"Let the river of my tears flow. Besides, this isn't even one of my top 5 successful dishes."
It was precisely Beaver's response that garnered quite a bit of support for him. In English-speaking circles, Beaver is popular for being "entertaining," similar to other figures like Bob Lax, mitch, and others. To draw a somewhat imperfect analogy, he's a bit like Liang Xi in the Chinese community.
This is an interesting manifestation of a subculture in the crypto world. Whether in the Chinese or English-speaking community, a considerable number of players uphold the viewpoint of "willing to accept defeat." Memecoins are inherently a gamble, and developers can make money through interesting perspectives, showcasing their skills. Since they chose to gamble, they must take responsibility for their actions.
"Issuing a crap coin is a victimless crime."
Some also believe that Beaver did not promote $SIAS through his X account (a point acknowledged in Bubblemaps' accusation, although it also noted that Beaver even profited from the coin through his public address transactions, displaying audacity), so Beaver is not considered "fraudulent." He simply outwitted those who gambled against him.
Players on Beaver's side even taunt the market performance of Bubblemaps' token $BMT, suggesting that compared to Beaver, Bubblemaps, which conducted an ICO and made promises, is the one engaged in an illegal scam and should be held accountable:
Beaver's popularity stems not only from the crypto world's entertaining subculture but also from his Somaliscan project. Somaliscan is an open-source data website that tracks over $55 trillion of U.S. government spending, exposing massive corruption in U.S. government refugee resettlement projects (especially Somalia aid). The data on this site tracks U.S. government spending, political contributions by government officials, healthcare system fund allocation, federal loans, and summaries of Epstein-linked individuals, among other things. The article that earned Beaver millions revealed the huge corruption where Deloitte secured a $400 billion U.S. government contract but allegedly caused a $340 billion (his estimate) loss, based on his findings while building the Somaliscan database.
Therefore, Beaver is considered a hero by the right-leaning English-speaking (especially American) community. After X announced that he received a million-dollar article award, he immediately promoted Somaliscan and included the CA in the comments of the tweet:
Setting aside the emotional factor, this incident has indeed once again sparked a long-standing controversy in the crypto community — should a situation where a token is airdropped and subjected to price manipulation but not promoted be condemned?
This controversy will not cease until this market is no longer brutal.
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