‘Cry me a river’: X $1M article winner accused of profiting $600K from Solana memecoin rug pulls
The Block
The winner of X's $1M article competition, @beaverd, is accused of profiting $600K from Solana memecoin rug pulls.Summary
Crypto creator @beaverd, who recently won X's $1 million article competition, is facing allegations from blockchain analytics firm Bubblemaps. Bubblemaps claims a public wallet linked to @beaverd generated about $600,000 in profits from launching and exploiting a Solana memecoin called SIAS on the Pump.fun platform, which subsequently collapsed. The firm further alleged that the associated wallet launched dozens of similar memecoins that all failed. The account holder responded defiantly to the accusations on X, stating, "cry me a river." These allegations surfaced despite the initial celebration of the creator's win, highlighting ongoing concerns about extractive practices within the Solana memecoin ecosystem.
(Source：The Block)