X Platform Long-Form Writing Competition Million-Dollar Champion Beaverd (@beaverd) Exposed by On-Chain Analysis Firm Bubblemaps, Accused of Continuously Issuing Over Ten Meme Tokens via Pump.fun and Profiting Over $600,000
(Previous context: Arthur Hayes’ long article: Elections, Oil Prices, and Printing Machines—Why Bitcoin Only Looks at Trump’s Face)
(Additional background: a16z long article: What Risks Does Quantum Computing Bring to Cryptocurrency?)
On February 4th, X platform officially announced the results of its long-form writing contest, awarding the million-dollar grand prize to Beaverd (@beaverd). His winning article was “Deloitte, a $74 Billion Cancer That Has Spread Across the United States,” exploring the role of large government consulting firms in federal and state IT systems. The article accumulated 44.71 million views, 29,000 likes, and 7,700 shares. Elon Musk himself replied under the post, saying “Disturbing.”
However, the day after the announcement, on-chain analysis firm Bubblemaps posted a lengthy investigative tweet thread, directly accusing this million-dollar winner of having a hidden identity: a Meme coin serial pump-and-dump operator.
imagine you create an app to expose financial crime
then casually realize the app is so bad you could not expose this “criminals” top 5
imagine https://t.co/UGQcpUTbkq pic.twitter.com/FFjStGomyE
— Beni 🧠 (@benixbt) February 10, 2026
adolfnigler.sol and Over Ten Similar Schemes
According to Bubblemaps’ on-chain tracking, the public address used by Beaverd is directly linked to multiple Pump.fun token deployer wallets, one of which is registered on the Solana Name Service (SNS) as “adolfnigler.sol”—a name with obvious racist connotations.
Bubblemaps tracked at least the following tokens:
| Token Name |
Result |
| SIAS |
Market cap soared to $6 million then zeroed out within minutes; official account deactivated |
| somaliscan |
Dropped 86% from peak after the award announcement |
| PISS |
Zeroed out |
| 4am |
Zeroed out |
| RACISM |
Zeroed out |
| ExitStrat |
Zeroed out |
| EGG |
Zeroed out |
Bubblemaps’ analysis shows Beaverd’s typical method: Deploy tokens via Pump.fun → Use related wallets to buy en masse at the first moment → Create a false impression of price surge → Sell at the high point → Delete the token’s social accounts. Repeating this over ten times, he accumulated profits exceeding $600,000.
“Cry me a river” with No Regret
In response to Bubblemaps’ public accusations, Beaverd did not deny the wallet link nor rebut the on-chain transaction records. Instead, he left a provocative reply under Bubblemaps’ tweet:
“Cry me a river, this isn’t even one of my top five masterpieces.”
This unapologetic response immediately sparked community outrage. Many users questioned how he could have profited from repeatedly pumping and dumping retail investors’ tokens while simultaneously receiving the X platform’s official million-dollar “creator” award.
It’s worth noting that Beaverd describes himself on his personal website and X profile as “God’s most retarded soldier,” and his past tweets include racist remarks. NBC News reported that he once posted comments like “I think America is better with lighter skin, send those Somalis back,” among others. The official rules of the X long-form contest clearly state that entries “must not contain political or religious statements.”
Currently, Beaverd’s main argument is that the long-term decline of the tokens he issued is a form of “Rug Pull.”
imagine you create an app to expose financial crime
then casually realize the app is so bad you could not expose this “criminals” top 5
imagine https://t.co/UGQcpUTbkq pic.twitter.com/FFjStGomyE
— Beni 🧠 (@benixbt) February 10, 2026
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Prince Group is laundering 10.7 billion NT dollars in Taiwan! Developing their own "OJBK Wallet" to connect with underground currency exchanges.
Taipei District Prosecutors Office is investigating the Cambodia "Prince Group" money laundering case, indicting 62 individuals and 13 companies. The involved amount of money laundering is 10.7 billion, and assets worth 5.5 billion have been seized. The group used USDT and their self-developed "OJBK Wallet" to conduct cross-border money laundering, conceal criminal proceeds, and withdraw cash in multiple countries.
区块客24m ago
HypurrFi reveals that early versions of Aave V3 had a rounding error vulnerability, and the addition of new lending markets for XAUT0 and UBTC has been suspended.
HyperEVM's custodial lending protocol HypurrFi disclosed that previous versions of Aave V3 had a "rounding error" vulnerability, allowing attackers to extract underlying tokens. HypurrFi guarantees the safety of user funds, has paused supply and borrowing operations in affected markets, and is working with relevant parties to address security issues.
GateNews1h ago
AI agents bypass Cloudflare protection, encrypting DeFi front-end security faces further tests
Recently, the autonomous AI agent OpenClaw successfully bypassed Cloudflare defenses using the Scrapling library, raising concerns about DeFi security. Although the tool can legally scrape content, the potential risks remind developers to establish multiple layers of defense and avoid over-reliance on traditional protection measures.
GateNews2h ago
MONTRA token team "ran away," causing the market cap to instantly evaporate by 80%, blamed on Iran's conscription.
Cryptocurrency project Montra Finance has suspended its project after the development team was conscripted by Iran, leading to an 80% plunge in the token's market value. The lack of official information has raised investor doubts, with some believing this is a "exit scam." The incident highlights the impact of geopolitics on the crypto market, and investors should remain cautious of opaque projects.
GateNews2h ago
Netizens want to bet on the "Iranian Rial": it has fallen 90% and will definitely rebound! Is this kind of war gamble worth buying?
The Iranian rial has plummeted over 96% in two months, hitting a record low. If a nuclear agreement is reached with the United States, the rial may have room for a rebound, but purchasing options are difficult and risky. Investors should be aware of U.S. sanctions risks and potential impacts of Iran's currency reforms on exchange rates. Many people are exchanging rial through cryptocurrencies, but caution is advised.
動區BlockTempo2h ago
South Korean "declared dead" crypto scammer has had their identity restored, converting crypto assets to compensate victims with $60,000
A cryptocurrency scam suspect declared dead has regained legal status after being deported back to South Korea, and is compensating victims by selling frozen assets. The incident has sparked discussions on cross-border law enforcement and crypto scam recovery mechanisms. It also highlights the legal complexities and regulatory challenges South Korea faces in digital asset cases.
GateNews2h ago
