Before Musk gave him one million dollars, he earned six hundred thousand by launching a cryptocurrency.

CN
16 hours ago

On February 4th, X announced the winners of the million-dollar article contest, with @beaverd becoming the ultimate winner with "Deloitte, a $74 billion cancer metastasized across America," earning a reward of $1 million.

In the English-speaking community, Beaver is also considered a relatively well-known meme coin player, so his win has excited the crypto space. However, the day before yesterday, Bubblemaps tweeted accusations against him, calling him a "serial rugger," claiming he made a profit of $600,000 by manipulating coin prices.

Bubblemaps indicated that they found an associated address "2mQB8o" through Beaver's public Solana address, which issued the token $SIAS on pump.fun. $SIAS quickly reached a market cap of $6 million within 7 minutes after deployment, only to crash back to zero in the following 10 minutes due to a large sell-off by the developer.

After the crash, the token's X account was also canceled.

Bubblemaps further pointed out through on-chain analysis that Beaver was not only the developer but also used four other addresses to target this token, totaling a profit of $600,000.

Lastly, Bubblemaps noted that all tracked Beaver-related addresses did not just issue this one token, but many others as well, all of which have gone to zero.

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

"Cry me a river. Also, this isn't even one of my top five most successful rugs."

It is exactly this kind of response from Beaver that has garnered him considerable support. In fact, in the English-speaking community, Beaver is popular for being "interesting," and similar figures include Bob Lax, Mitch, and others. To draw a somewhat inappropriate analogy, he's somewhat akin to Liangxi in the Chinese community.

This is an interesting manifestation of subculture in the crypto space; both in the Chinese and English communities, there are quite a few players who adhere to the view of "to gamble is to take responsibility for the loss" — meme coins are inherently a gamble, and it is the developer's skill to make money from amusing angles, so if one chooses to gamble, they must be accountable to themselves.

"Issuing garbage coins is a crime that does not infringe on others."

There is also a viewpoint suggesting that Beaver did not promote $SIAS through his X account (Bubblemaps' accusations also acknowledged this point, but simultaneously指出 noted that Beaver even profited from trading on the coin through his public address, reflecting audacity), so Beaver is not considered "fraudulent," but merely winning against those who gambled with him.

Players siding with Beaver even mocked Bubblemaps' token $BMT's market performance, arguing that compared to Beaver, it was Bubblemaps that conducted an ICO and made promises, making them the illegal scam party that should be held accountable:

Beyond the interesting subculture of the crypto space, another reason for Beaver's popularity is his project Somaliscan. Somaliscan is an open-source data website that tracks over $55 trillion of U.S. government financial expenditures, exposing massive corruption in the U.S. government's refugee resettlement programs (especially for aid to Somalia). The data tracked on this website includes U.S. government financial expenditures, political donations by government officials, the allocation of healthcare system funds, federal loans, and summaries of associates linked to Epstein, among others. The article by Beaver that won the million-dollar prize uncovered the massive corruption where Deloitte secured a $40 billion contract with the U.S. government but caused a $34 billion (his estimate) loss, which was also a finding during his database construction 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 he won the million-dollar article award, he immediately promoted Somaliscan and included the CA in the comments of his tweet:

Setting aside emotional factors, this incident indeed reignites a longstanding controversy in the crypto space — should issuing tokens and manipulating prices without promotion be criticized?

This controversy will not cease unless the market is no longer harsh.

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