The winner of a $1 million X contest, @beaverd, is under scrutiny after Bubblemaps linked a wallet to the account and alleged significant memecoin profits on Solana. The wallet reportedly launched the SIAS token via Pump.fun, which quickly gained and lost value. Bubblemaps claims the wallet profited $600,000 through similar pump and dump schemes with other tokens.
Bubblemaps identifies coordinated behavior and concentrated supply control using blockchain data. While the wallet’s ownership by @beaverd remains unconfirmed, the user responded dismissively. Recent data indicates a slowdown in Solana memecoin activity after early 2025 peaks.
