Before Musk gave him $1 million, he made 600,000 by issuing coins.

On February 4th, X announced the winner of its million-dollar article competition. @beaverd became the ultimate winner with "Deloitte, a $74 billion cancer metastasized across America," receiving a $1 million reward.

In the English-speaking crypto community, Beaver is a relatively well-known meme coin player, so his win energized the crypto space. However, the day before yesterday, Bubblemaps posted a tweet accusing him of being a "serial rugger," allegedly profiting $600,000 by manipulating coin prices.

Bubblemaps stated that based on Beaver's public Solana address, they discovered a linked address "2mQB8o," which launched the token $SIAS on pump.fun. $SIAS rapidly reached a market cap of $6 million within 7 minutes of deployment, only to plummet to zero in the next 10 minutes after the developer made a large sell-off.

After hitting zero, the token's X account was also deleted.

Based on on-chain analysis, Bubblemaps further pointed out that Beaver was not only the developer but also used four other addresses to snipe the token, making a total profit of $600,000.

Finally, Bubblemaps also noted that all tracked addresses associated with Beaver didn't just launch this one token but many others, all of which have gone to zero.

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

"Cry me a river. Also, this isn't even one of my top 5 most successful rugs."

It was precisely this kind of response from Beaver that earned him considerable support. In the English-speaking community, Beaver is popular for being "funny," similar to figures like Bob Lax and mitch. To use a not-so-appropriate analogy, it's a bit like Liang Xi in the Chinese-speaking community.

This is an interesting manifestation of crypto subculture. In both the Chinese and English-speaking communities, a significant portion of players hold the view of "you win some, you lose some"—meme coins are essentially gambling, and if developers can make money through clever means, that's their skill. If you choose to gamble, you must take responsibility for yourself.

"Launching shitcoins is a victimless crime."

Another viewpoint is that Beaver never promoted $SIAS through his X account (Bubblemaps' accusation acknowledges this but also points out that Beaver even profited from the token using his public address, which is an act of audacity). Therefore, Beaver is not considered "fraudulent"; it's just that those who bet against him lost.

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 interesting crypto subculture, 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 spending, exposing massive corruption in the government's refugee resettlement programs, especially aid to Somalia. The site's data tracking covers U.S. government fiscal expenditures, political donations to officials, healthcare system fund allocation, federal loans, and summaries of individuals linked to the Epstein files. Beaver's million-dollar-winning article exposed the massive corruption involving Deloitte securing a $40 billion U.S. government contract while causing an estimated $34 billion in losses, a discovery he made while building the database for Somaliscan.

Therefore, Beaver is seen as a hero by right-leaning English-speaking (especially American) players. After X announced his million-dollar article prize, he immediately promoted Somaliscan and included the CA in the tweet's comment section:

Setting aside emotional factors, this incident has indeed reignited a long-standing controversy in the crypto space—if someone launches a rug and manipulates prices but does not promote it, should this be condemned?

This debate will not cease unless the market becomes less brutal.