ChainCatcher News, according to Bubblemaps monitoring, the user Beaver, who recently won the $1 million article contest on the X platform, has participated in a Meme coin pump and dump scheme. Bubblemaps tracked the user's public address and found that the associated wallet address 2mQB8o issued the token $SIAS on the Pumpfun platform. The token's market value once reached $6 million before rapidly dropping to zero, after which the project team deleted all social media accounts. Data shows that the user participated in the pump and dump operation through four sidechain wallets, earning approximately $600,000, and their personal wallet additionally earned $25,000. Bubblemaps stated that wallets associated with this user have also issued multiple Meme coin projects that eventually dropped to zero.
X Creator Contest Winner Linked to Meme Coin Pump-and-Dump Scheme
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Summary
Meme coin news emerged as Bubblemaps linked X's $1 million contest winner, Beaver, to a pump-and-dump scheme. The user's wallet 2mQB8o launched $SIAS on Pumpfun, peaking at $6 million before crashing. On-chain news shows the wallet earned $600,000 via four sidechain wallets and $25,000 in a personal wallet. The team deleted all socials after the token failed. Bubblemaps noted prior Meme coin projects from the same wallets also collapsed.
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