Before Musk gave him $1 million, he made $600,000 by launching a coin

By: blockbeats|2026/02/12 13:00:01

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

Before Musk gave him src=

Within the English community, Beaver is also considered a well-known meme coin player, so his win has energized the crypto community. However, the day before yesterday, Bubblemaps tweeted accusing him of being a "serial rugger," alleging that he made a $600,000 profit by manipulating the coin's price.

Bubblemaps stated that they identified a linked address, "2mQB8o," to Beaver's public Solana address, which released the $SIAS token on pump.fun. $SIAS rapidly reached a $6 million market cap within 7 minutes of deployment, only to crash to zero in the next 10 minutes due to a large dev sell-off.

After the token crash, the X account associated with it was also deactivated.

Through on-chain analysis, Bubblemaps further pointed out that Beaver was not only the dev but also sniped the token with four other addresses, totaling a $600,000 profit.

Finally, Bubblemaps highlighted that all tracked Beaver-related addresses did not just mint this one token but many others, all of which ended up at zero.

Faced with Bubblemaps' accusations, Beaver's response was as wild as his Milady avatar:

"Let the river of my tears flow. Besides, this isn't even one of my top 5 successful dishes."

It was precisely Beaver's response that garnered quite a bit of support for him. In English-speaking circles, Beaver is popular for being "entertaining," similar to other figures like Bob Lax, mitch, and others. To draw a somewhat imperfect analogy, he's a bit like Liang Xi in the Chinese community.

This is an interesting manifestation of a subculture in the crypto world. Whether in the Chinese or English-speaking community, a considerable number of players uphold the viewpoint of "willing to accept defeat." Memecoins are inherently a gamble, and developers can make money through interesting perspectives, showcasing their skills. Since they chose to gamble, they must take responsibility for their actions.

"Issuing a crap coin is a victimless crime."

Some also believe that Beaver did not promote $SIAS through his X account (a point acknowledged in Bubblemaps' accusation, although it also noted that Beaver even profited from the coin through his public address transactions, displaying audacity), so Beaver is not considered "fraudulent." He simply outwitted those who gambled against him.

Players on Beaver's side even taunt the market performance of Bubblemaps' token $BMT, suggesting that compared to Beaver, Bubblemaps, which conducted an ICO and made promises, is the one engaged in an illegal scam and should be held accountable:

Beaver's popularity stems not only from the crypto world's entertaining subculture but also from his Somaliscan project. Somaliscan is an open-source data website that tracks over $55 trillion of U.S. government spending, exposing massive corruption in U.S. government refugee resettlement projects (especially Somalia aid). The data on this site tracks U.S. government spending, political contributions by government officials, healthcare system fund allocation, federal loans, and summaries of Epstein-linked individuals, among other things. The article that earned Beaver millions revealed the huge corruption where Deloitte secured a $400 billion U.S. government contract but allegedly caused a $340 billion (his estimate) loss, based on his findings while building the Somaliscan database.

Therefore, Beaver is considered a hero by the right-leaning English-speaking (especially American) community. After X announced that he received a million-dollar article award, he immediately promoted Somaliscan and included the CA in the comments of the tweet:

Setting aside the emotional factor, this incident has indeed once again sparked a long-standing controversy in the crypto community — should a situation where a token is airdropped and subjected to price manipulation but not promoted be condemned?

This controversy will not cease until this market is no longer brutal.

-- Price

Currently, most Web3 projects are still in the stage of functional fragmentation, often focusing only on a single aspect, such as IP asset tokenization, transaction functionality, or a simple incentive model. This structural dispersion has become a key bottleneck hindering the industry's scale application.

BeatSwap's approach is more integrated, integrating multiple core modules into the same system, including:

· IP authentication and on-chain registration

· Authorization-based revenue sharing mechanism

· User-engagement-driven incentive system

· Transaction and liquidity infrastructure

Through the above integration, the platform builds an end-to-end closed-loop path, allowing IP rights to complete a full cycle of "creation, use, and monetization" within the same ecosystem.

Expanding from Web3 to a broader market: Restructuring the music industry's supply-demand structure

BeatSwap is not limited to existing crypto users but is attempting to take the global music industry as a starting point, actively creating new market demand. Its core strategies include:

Exploring and incubating music creators (Artist discovery)

Building a fan community

Igniting IP-centric content consumption demand

The current global music industry is valued at around $260 billion, with over 2 billion digital music users. This means that the potential market corresponding to the tokenization and financialization of IP far exceeds the traditional crypto user base.

In this context, BeatSwap positions itself at the intersection of "real-world content demand" and "on-chain infrastructure," attempting to bridge the structural gap between content production and financial flow.

"Space" to Launch in Q2 2026: Building the Core of SocialFi

BeatSwap's upcoming core product "Space" is scheduled to launch in the second quarter of 2026. This product is defined as the SocialFi layer in the ecosystem, aiming to directly connect creators with users and achieve deep integration with other platform modules.

Key designs include:

A fan-centric interactive mechanism

Exposure and distribution logic based on $BTX staking

User paths connected to DeFi and liquidity structures

Thus, a complete user behavior loop is formed within the platform: Discovery → Participation → Consumption → Rewards → Trading

$BTX Token Mechanism: Evolving from an Incentive Tool to a Value Carrier

$BTX is designed to be a core utility asset within the ecosystem, rather than just a simple incentive token, with its value directly tied to platform activity and IP use cases.

Main features include:

· Yield distribution based on on-chain authorized actions

· Value reflection based on IP usage and user engagement dynamics

· Support for staking and DeFi participation mechanisms

· Value growth driven by ecosystem expansion

With the increased frequency of IP use, the utility and value support of $BTX will enhance simultaneously, helping alleviate the "disconnect between value and utility" issue present in traditional Web3 token models to some extent.

Accelerating Global Exchange Layout: Enhancing Liquidity and Accessibility

Currently, $BTX has been listed on several mainstream exchanges, including:

Binance Alpha

Gate

MEXC

OKX Boost

As the launch of "Space" approaches, BeatSwap is actively pursuing more exchange listings to further enhance liquidity and global accessibility, laying a foundation for future market expansion.

Beyond Web3: Aiming for a Larger-Scale Integration of Content and Finance Markets

BeatSwap's goal is no longer limited to the traditional Web3 narrative but aims to target over 2 billion digital music users and a trillion KRW-scale content market.

By integrating content creators, users, capital, and liquidity into a blockchain framework centered around IP rights, BeatSwap is striving to build a next-generation infrastructure focused on "IP tokenization."

Conclusion

BeatSwap integrates IP authentication, authorization distribution, incentive mechanism, transaction system, and market construction to establish a unified structure that bridges the full lifecycle path of IP rights.

With the launch of the Q2 2026 "Space," the project is expected to become a key infrastructure connecting content and finance in the IP-RWA (Real World Assets) track.

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