Revealing millions of dollars in the left hand, resetting 600,000 in orders in the right hand: Beaver's double life

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,” earning $1 million.

In the English-speaking community, Beaver is also considered a relatively well-known meme coin enthusiast, so his win excited the crypto circle. However, the day before yesterday, Bubblemaps posted a tweet accusing him of being a “serial rugger,” claiming he manipulated coin prices to make a profit of $600,000.

Bubblemaps stated that, based on Beaver’s public Solana address, they found an associated address “2mQB8o,” which issued the token $SIAS on pump.fun. $SIAS rapidly reached a market cap of $6 million within 7 minutes of deployment, then, after another 10 minutes, due to a large sell-off by the developer, it quickly collapsed to zero.

After collapsing, the token’s X account was also deactivated.

Bubblemaps further analyzed on-chain data, indicating that Beaver was not only the developer but also used four other addresses to sniper the token, netting a total profit of $600,000.

Finally, Bubblemaps pointed out that all the addresses linked to Beaver didn’t just issue this one token but many others as well, all of which have been wiped out.

In response to Bubblemaps’ accusations, Beaver’s reply was as wild as his Milady avatar:

“Cry me a river. Also, this is not even one of my top five most successful projects.”

It’s precisely such responses from Beaver that have garnered him quite a bit of support. In the English community, Beaver is popular for being “funny,” along with figures like Bob Lax and Mitch. An imperfect analogy might be the Chinese community’s Liang Xi.

This reflects an interesting subculture within the crypto world—both in Chinese and English circles, many players adhere to the philosophy of “accepting losses when gambling.” Meme coins are essentially a gamble, and devs making money from interesting angles is their skill. If you gamble, you must take responsibility.

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

Some also believe that Beaver did not promote $SIAS through his X account (Bubblemaps admits this in their accusation but also points out that Beaver even profited from trading with his public address, which they see as reckless), so Beaver isn’t “fraudulent,” just someone who lost to his opponents.

Supporters of Beaver even mock Bubblemaps’ token $BMT’s market performance, claiming that compared to Beaver, Bubblemaps’ IC0 and promises are the real illegal scams that should be held accountable:

The reason Beaver is popular, besides the fun 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 covers U.S. government expenditures, political donations by officials, healthcare funding, federal loans, and connections to Epstein-related individuals, among other things. The article that earned Beaver the million dollars revealed the massive corruption where Deloitte secured a $40 billion contract with the U.S. government but caused an estimated $34 billion in losses (his estimate), which he discovered while building the Somaliscan database.

Therefore, Beaver is regarded as a hero by right-leaning English-speaking players, especially in the U.S. community. After X announced his million-dollar article award, he immediately promoted Somaliscan and included a CA in the comments of his tweet:

Aside from emotional factors, this incident has once again sparked a long-standing debate in the crypto community—if someone issues a coin and manipulates its price but does not promote it, should this be condemned?

This debate will never end unless the market becomes less brutal.