Blockchain data analytics firm Bubblemaps has released a report accusing @beaverd, the $1 million prize winner on the X platform, of being a long-time meme coin scammer. The related wallet launched the $SIAS meme coin on Pump.fun, which surged to a market cap of $6 million before crashing to zero within minutes, with four side wallets sniping and profiting nearly $600,000.
Bubblemaps Investigation: Evidence Chain of a $600K Rug Pull
(Source: Bubblemaps)
Blockchain analytics company Bubblemaps recently published a shocking investigation report, alleging that @beaverd, the $1 million prize winner on the X platform, is a long-standing meme coin scammer active in the crypto space. According to Bubblemaps’ tracking, the creator’s associated wallet earned over $600,000 illicitly within hours after winning a long-form contest on X.
The investigation shows that a crypto wallet closely linked to @beaverd launched a meme coin called $SIAS on Pump.fun. After issuance, the token’s market cap rapidly rose to about $6 million but then collapsed within minutes, nearly hitting zero. This rapid rise and fall exemplify a classic rug pull scam, where developers sell off at the peak and leave retail investors with heavy losses.
Bubblemaps points out that this pattern is typical of a “pump and dump” scheme. In the case of $SIAS, after the token’s price crashed, related social media accounts were immediately deactivated—an act seen in blockchain crime investigations as an attempt to evade responsibility. Deleting social media traces is standard among meme coin scammers to cut off traceability and reduce the risk of victim accountability.
The report further reveals that the project involved multiple wallets working in coordination, with four side wallets executing “sniping” operations early on—buying large amounts of low-priced tokens before the launch and collectively selling at the high point, ultimately extracting nearly $600,000 in profit. Sniping refers to using automated bots to buy tokens instantly at launch, often securing large holdings before a price surge. Additionally, one known wallet was marked for earning an extra $25,000 during the trading process.
Four Typical Steps of Rug Pull Operations
Token Launch: Rapid creation of new meme coins on platforms like Pump.fun at minimal cost
Community Hype: Generating FOMO via Twitter, Telegram, and other channels
Coordinated Sniping: Multiple related wallets buy in immediately at launch to push up initial price
Collective Dump: Selling en masse as retail investors chase the high, then deleting all traces after the crash
This carefully crafted scam indicates that @beaverd is not an amateur but an experienced meme coin scammer. The $600,000 profit in a single rug pull is above average, especially considering most meme coins on Pump.fun have market caps only in the hundreds of thousands. Manipulating a project to reach a $6 million market cap and successfully exit requires significant market manipulation skills and capital.
On-chain evidence from Bubblemaps’ investigation is highly convincing. Blockchain transparency allows all transaction records to be permanently traceable, and fund flows between wallets can be fully tracked. When multiple wallets act in coordination on the same token with highly similar patterns, the probability of coincidence is extremely low, strongly indicating control by the same entity.
Arrogant Response and Dozens of Projects Zeroed Out: Complete Collapse of Morality
Faced with such serious, blockchain-backed accusations, @beaverd did not rebut Bubblemaps’ data. Instead, he responded on X with a brazen tone, saying “cry me a river,” and shockingly claimed “these aren’t even my top five works.” This response sparked widespread backlash in the crypto community, with many investors viewing it as mockery of victims and a sign of the creator’s complete lack of remorse.
The phrase “not even in my top five” is particularly shocking. It implies that @beaverd has been involved in at least five larger or more sophisticated scam cases beyond $SIAS. This boastful attitude shows that the scammer has lost basic moral bottom lines, viewing victims as “achievements.”
Bubblemaps’ investigation also found that @beaverd’s related wallets have issued dozens of meme tokens, including highly controversial names like PISS, 4am, RACISM, and ExitStrat. All these projects ultimately went to zero. The token names are provocative, with terms like RACISM indicating deliberate attempts to attract attention through controversy.
These tokens share a consistent pattern: very short lifespans, rapid early price surges, and sudden large-scale withdrawals by developers. Statistically, if dozens of projects issued by the same developer all fail, a 100% failure rate is virtually impossible to be due to luck, indicating deliberate design. Even high failure rates in normal projects usually leave some survivors or partial successes.
Beyond on-chain transactions, investigators also found that @beaverd’s public wallet address registered a domain named adolfnigler.sol, further fueling community suspicion of his personal morals. The domain name contains explicit references to racism and Nazi themes, indicating a deeply twisted value system.
While blockchain data is publicly accessible, Bubblemaps emphasizes that their conclusions are based on in-depth analysis of wallet behaviors and complex transaction patterns. No regulatory agency has yet announced legal action against these allegations, but the incident has reignited public concern over the lack of oversight on Pump.fun meme coin launch platforms.
Fatal Flaws in X Platform’s Selection Mechanism: Traffic Over Morality
The core controversy lies in X platform’s criteria for selecting the $1 million prize winner. @beaverd won with an article titled “Deloitte, a $74 billion cancer metastasized across America,” analyzing the consulting giant’s contracts with the US government. While the content is a deep investigative report exposing waste and corporate monopolies, the platform’s selection was primarily based on “verified homepage impressions.”
Critics argue that this heavily data-driven approach essentially rewards “engagement farming”—focusing on traffic rather than content quality or moral integrity. High page views often favor controversial, false, or inflammatory content over in-depth analysis.
Furthermore, NBC News reports that over $2 million in total prizes were awarded to accounts with highly controversial backgrounds, including prominent far-right influencers and anonymous accounts. @beaverd’s past statements have included racist remarks, and his bio claims to be “God’s most dull soldier,” raising questions about the platform’s review standards.
Ironically, a creator accused of multiple meme coin scams received a million-dollar award for writing about government waste and corporate corruption. This contradiction highlights the ethical dilemma of the digital age: how should we judge content that has value but is created by morally compromised individuals? Should awards be revoked because of the creator’s criminal behavior?
This incident damages X platform’s reputation and prompts the community to reconsider whether, in a decentralized, traffic-driven environment, platforms should bear greater responsibility for background checks and ethical standards when granting influence and wealth. X has yet to issue an official response or indicate whether they will revoke the prize or take other actions.
