Bubblemaps: X Creator Contest Million-Dollar Winner Participated in Memecoin Scam

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ChainCatcher reports that according to Bubblemaps monitoring, a user named Beaver, who recently won the $1 million article contest on the X platform, participated in meme coin pump-and-dump activities.

Bubblemaps tracked this user’s public address and found that their associated wallet 2mQB8o issued the token $SIAS on the Pumpfun platform. The token’s market cap once reached $6 million before quickly dropping to zero, and the project team subsequently deleted all social media accounts. Data shows that the user engaged in pump-and-dump operations through four sidechain wallets, profiting approximately $600,000, with an additional $25,000 profit in their personal wallet. Bubblemaps states that wallets linked to this user have also issued several meme coin projects that ultimately went to zero.

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