Author: Cookie, BlockBeats
The digital world buzzed on February 4th as X crowned @beaverd the victor of its prestigious Million Dollar Article Contest. His exposé, “Deloitte, a $74 billion cancer metastasized across America,” earned him a hefty $1 million prize, igniting celebration within the crypto community where Beaver is a recognized meme coin enthusiast. Yet, the euphoria was short-lived. Just days later, blockchain analytics firm Bubblemaps dropped a bombshell, labeling Beaver a “serial rugger” and accusing him of orchestrating a $600,000 profit through calculated coin price manipulation.
Bubblemaps’ detailed allegations stem from on-chain analysis of Beaver’s public Solana address, which revealed a connected wallet, “2mQB8o.” This address, they claim, was responsible for deploying the $SIAS token on the pump.fun platform. The lifecycle of $SIAS was startlingly brief: a meteoric rise to a $6 million market capitalization within a mere seven minutes of launch, followed by an equally swift descent to zero just ten minutes later, attributed to a massive sell-off by the developer.
The token’s associated X account was promptly deleted post-collapse. 
Bubblemaps further asserted that Beaver not only acted as the developer but also leveraged four additional addresses to “snipe” the token, collectively netting an estimated $600,000 in illicit gains.
The analytics firm concluded their report by noting that this wasn’t an isolated incident, alleging that all other tokens traced back to Beaver-related addresses had similarly plummeted to zero. 
Beaver’s retort to these damning accusations was as unapologetically audacious as his Milady avatar.
He defiantly tweeted:
“Cry me a river. Also, this isn’t even one of my top 5 most successful rugs.”
This brazen response, rather than alienating, paradoxically cemented his support among a significant faction of the crypto community. Within the English-speaking crypto sphere, figures like Beaver, Bob Lax, and Mitch are celebrated for their “entertaining” personas, embodying a rogue charm often likened to the controversial Liangxi in the Chinese crypto space.
This phenomenon highlights a unique facet of crypto subculture: a pervasive “gamble and accept your losses” ethos. For many, meme coins are inherently speculative wagers, and if a developer possesses the ingenuity to profit from them, it’s viewed as a testament to their skill, with participants expected to bear responsibility for their own investment decisions.
This perspective often frames “issuing shitcoins” as a “victimless crime.”
A key argument in Beaver’s defense is that he never promoted $SIAS through his prominent X account—a point even acknowledged by Bubblemaps, albeit with a caveat noting his audacity in using public addresses for trades. Consequently, proponents argue that Beaver engaged not in fraud, but in a high-stakes game where those who “bet against him” simply lost. Critics of Bubblemaps went further, deriding the market performance of their own token, $BMT. They contended that Bubblemaps, having conducted an ICO and made explicit promises, was the true “illegitimate scam” deserving of scrutiny and accountability, especially when contrasted with Beaver’s unvarnished approach.
Beyond the meme coin controversies, Beaver’s public image is significantly bolstered by his ambitious project, Somaliscan. This open-source data platform meticulously tracks over $55 trillion in US government fiscal expenditure, bravely exposing colossal corruption within refugee resettlement programs, particularly concerning aid to Somalia. Somaliscan’s comprehensive database delves into diverse areas, from government spending and political donations by officials to healthcare funding, federal loans, and even a compilation of individuals linked to the infamous Epstein files. Beaver’s award-winning article, which detailed Deloitte’s alleged role in turning $40 billion in US government contracts into an estimated $34 billion in losses due to corruption, was a direct outgrowth of his research for Somaliscan. Consequently, Beaver has been embraced as a hero by many right-leaning individuals, especially within the American crypto community. His immediate promotion of Somaliscan and inclusion of its contract address (CA) in the comments section of his celebratory tweet after X announced his win further solidified this perception.
Stripping away the emotional layers, this entire saga reignites a perennial and deeply divisive debate within the crypto landscape: Is the act of launching a token and manipulating its price condemnable if it is done without explicit promotion or endorsement? This complex ethical quandary, rooted in the very nature of decentralized finance and meme culture, is unlikely to find a definitive resolution. Indeed, this debate will persist, a testament to the market’s often unforgiving and wild frontier, until its fundamental cruelty is somehow tempered.
Source: BlockBeats via PANews. Disclaimer: This article is intended solely for market information purposes. All content and opinions are provided for reference only and do not constitute investment advice. They do not represent the views or positions of BlockTempo. Investors are solely responsible for their own decisions and trades. The author and BlockTempo will not assume any responsibility for direct or indirect losses incurred by investors as a result of their trading activities.
