Beeg Blue Whale

Phenomenon Whale of the #Sui Ocean💧

$BEEG

Beeg Blue DAO

[Beeg Blue Whale @BeegBlue]

The liquidity rug carried out by the @MovePumpSui team has severely impacted our liquidity.

With liquidity this shallow, we strongly advise against making large trades, as it could result in significant slippage and unnecessary losses.

For this reason, we have temporarily scaled back our marketing activities. To protect Beegers from being harmed by a bad trade, we will also pause our Twitter posts until we finalize our emergency action plan.

Just know that we're still here, and we're actively working on new solutions.
Thank you for your patience and continued support.

If you'd like to contribute to the $BEEG community in a meaningful way, the best thing you can do is provide liquidity to the BEEG/SUI or BEEG/USDC pools on Cetus or Momentum.

[Beeg Blue Whale @BeegBlue]

GM Beegers 🐳

As many of you know, the @BlueMove_OA team rugged their own platform by removing liquidity from every meme coin launched through the @MovePumpSui bonding curve. As a result, liquidity for the OG Sui meme coins launched via MovePump has been almost completely wiped out.

This was not caused by our team. We've continued building and supporting our community despite everything.

Today, we're calling on @SuiNetwork and @EmanAbio to support the projects and communities that were unfairly affected. We are asking for liquidity support for teams that never stopped building.

$BEEG was supposed to showcase itself at Sui Basecamp this year. We spent months preparing for that opportunity, and we're not giving up now.

This setback won't define us. We'll find a solution, keep building, and come back stronger.

[Beeg Blue Whale @BeegBlue]

PLEASE DONT BUY ANY $BEEG

The liquidity issue still hasn’t been resolved, and it doesn’t look like it will be anytime soon. The liquidity is extremely shallow. If you trade it right now, you’ll only end up losing money

[Beeg Blue Whale @BeegBlue]

Still here
And we’ll always be here.
Please stay away from trading $BEEG until the liquidity issue is resolved.

[Beeg Blue Whale @BeegBlue]

@XuewuSong @yankong69 @MovePumpSui Not yet

[Beeg Blue Whale @BeegBlue]

REMINDER !

Please do not trade $BEEG while we work to resolve the liquidity issues caused by @MovePumpSui

[Beeg Blue Whale @BeegBlue]

The liquidity rug carried out by the @MovePumpSui team has severely impacted our liquidity.

With liquidity this shallow, we strongly advise against making large trades, as it could result in significant slippage and unnecessary losses.

For this reason, we have temporarily scaled back our marketing activities. To protect Beegers from being harmed by a bad trade, we will also pause our Twitter posts until we finalize our emergency action plan.

Just know that we're still here, and we're actively working on new solutions.
Thank you for your patience and continued support.

If you'd like to contribute to the $BEEG community in a meaningful way, the best thing you can do is provide liquidity to the BEEG/SUI or BEEG/USDC pools on Cetus or Momentum.

[Trump American @trumpsamerican]

1/On July 11, 2026, BlueMove — a DEX on Sui — had 389 liquidity pools drained in a single incident. Roughly 700,000 SUI, somewhere between $400K and $550K.
Here's what happened, and what the on-chain data says about one affected token: $BEEG. 🧵

2/The cause is disputed.

BlueMove says an attacker exploited an arithmetic overflow bug in its legacy AMM contract — a flaw exposed since 2023.
Researcher Tyler Simpson (Quantum Void Labs) alleges BlueMove planted a backdoor in a May 31 upgrade. BlueMove denies it.

3/Both sides agree on one fact that matters more than blame:

BlueMove burned its UpgradeCap on June 3.

The vulnerable contract can never be patched. Not "hasn't been" — cannot be. There is no on-chain path to fix it.
4/BlueMove offered the attacker a 30% white-hat bounty, said it would compensate users otherwise, and announced it is shutting down.

That deadline passed around July 13. No public follow-up since.

5/Now the forensics. I traced $BEEG using Sui's public RPC.

Attacker wallet: 0xb29e79…b097335
At 21:58 UTC on July 11, it took ~1.16 BILLION BEEG out of the pool while the swap event logged 34,520 SUI paid in.

6/That SUI never existed.

Proof: the pool holds 0.276 SUI today. If 34,520 SUI had genuinely entered and only ~215 left, it would still be sitting there.
The logged input is phantom — the signature of an arithmetic overflow. He paid nothing.

7/99 minutes later, at 23:37 UTC, a single transaction chained 12 swaps and dumped his entire haul across 12 tokens:

KUN, KOKO, SHOCK, PEPEPIG, SQID, SUIMO, BOATY, NAMI, CTO, PUMPKIN, SUITE, BEEG

Total proceeds: ~33 SUI. BEEG's share: 1.65 SUI for 1.73 billion tokens.
8/He wasn't cashing out — he'd already extracted the SUI. This was dumping worthless inventory back into pools he had just emptied.

That's what destroyed the charts.

His BEEG balance today: zero. He never sent any to another wallet.

9/Then it sat there. For six days.
On July 17 at 23:04 UTC, a bot bought 1,732,558,391 BEEG — 99.9% of the dump — out of the abandoned pool.

Price paid: 0.5 SUI. About 35 cents.

10/But it never held them.
The same transaction bought on BlueMove and sold into Cetus atomically, with a threshold-check call that would revert the whole thing if the trade didn't clear.

Net: +735 SUI (~$515) on a 0.5 SUI input. Roughly 1,470x, in one block.
11/That single swap crashed BEEG on Cetus by 99.93% — from 7.91e-6 to 5.39e-9 SUI per token.

(Derived from the before/after sqrt prices in the swap event. Cetus is concentrated liquidity — the vault ratio is not the price.)

12/Then the question that actually matters:

Did that 1.7B end up in someone's hands, waiting to dump?
I scanned every Cetus swap on the pool from July 17–19 — 150,000 events — and cross-checked each buyer against their real wallet balance change.

13/Result: 78–89% of all buying was atomic arbitrage. Bots buying and reselling inside the same transaction. Never held for a block.

Only ~495 million BEEG was actually retained by anyone.

14/And it's dispersed. Roughly 50 wallets. Largest holds ~125M — about 1% of total supply.
HHI is in the 700–850 range, which is an unconcentrated distribution by any standard measure.

About half of them are underwater. They bought the recovery, not the crash.

15/Current state:

BlueMove pool: 0.276 SUI / 111K BEEG — dead
Cetus: ~415M BEEG / 287 SUI

Turbos: ~410M BEEG / 1,134 SUI

Combined live liquidity across both: ~$2,700.
16/The number worth sitting with:

~495M BEEG held ≈ 1,330 SUI at current price. Both live pools hold ≈ 1,420 SUI combined.

Holders could absorb nearly every SUI available — though the price would crater long before they all got out.

[Beeg Blue Whale @BeegBlue]

GM Beegers 🐳

As many of you know, the @BlueMove_OA team rugged their own platform by removing liquidity from every meme coin launched through the @MovePumpSui bonding curve. As a result, liquidity for the OG Sui meme coins launched via MovePump has been almost completely wiped out.

This was not caused by our team. We've continued building and supporting our community despite everything.

Today, we're calling on @SuiNetwork and @EmanAbio to support the projects and communities that were unfairly affected. We are asking for liquidity support for teams that never stopped building.

$BEEG was supposed to showcase itself at Sui Basecamp this year. We spent months preparing for that opportunity, and we're not giving up now.

This setback won't define us. We'll find a solution, keep building, and come back stronger.

[Echoes 🪖 @saksidasaksi]

@BlueMove_OA team is removing the liquidity pools (LPs) on their app.
This is causing a significant loss of liquidity for Sui ecosystem tokens that launched and bonded through the @MovePumpSui curve.

@beegblue's primary liquidity was also on the MovePump contract, so its liquidity has dropped significantly as a result.

That said, $BEEG is also available on other DEXs. There is still liquidity on @CetusProtocol and @MMTFinance

We're actively working to strengthen liquidity and overcome this issue.

[Beeg Blue Whale @BeegBlue]

@yankong69 https://t.co/i9K38NQJtB

[Tyler Simpson @quantumvoidlabs]

BlueMove team shipped the backdoor themselves.

They upgraded the package on May 31 (by the upgrade cap holder):
https://t.co/0aWKcUonhR

Earlier same day: https://t.co/Takl8LGnkX

v12 added add_liquidity_returns + double-mint LP inflation. Package made immutable immediately after.
40 days, 20 hours, 37 minutes later the drain started:
First exploit tx: https://t.co/SZWb6YdDiw

Exploiter full activity: https://t.co/Wo5UrXbTwc

SUI pure sweeps (no LP added):
https://t.co/Dq9FBraZGb → 204,000 SUI
https://t.co/EVM9xTjoYE → 200,000 SUI
https://t.co/4vJSPi2uy9 → 170,000 SUI
https://t.co/76Pu63kOZy → 140,000 SUI

Total ~714k SUI to bridge wallet: https://t.co/AODhuTRcei

Then SUI → USDC (11 DEXes) + Wormhole deposit_for_burn → $528,612 USDC left Sui in 23 minutes.

Exploit examples (add_liquidity_returns + remove):
https://t.co/W43Pr285pj (+43k) https://t.co/MWgKTUTSHm (+56k) https://t.co/vHK87STznH (+74k) https://t.co/ngxTdRp8yx (+83k)

363 pools drained. Zero Freeze_Events ever. Immutable contracts.
@BlueMove_OA @Mysten_Labs @SuiNetwork

[Beeg Blue Whale @BeegBlue]

The blue whale!👀

[Sui Insiders💧 @SuiInsiders]

WHAT IS YOUR FAVORITE PROJECTS ON SUI?

$SUI is cooking.🚀

Builders keep building.
The ecosystem keeps growing.

What's your favorite $SUI project right now? 👀

Like and RT to support us 🙏

#Sui #SuiNetwork #SUI

[Beeg Blue Whale @BeegBlue]

Good old days $SUI

[Beeg Blue Whale @BeegBlue]

@eyezenhour @SuiNetwork @lofitheyeti Only 1 blue whale 🐳

[Beeg Blue Whale @BeegBlue]

$Sui public mainnet just reached a peak of 6M+ TPS.

Hugeeee!🔥🔥

[Beeg Blue Whale @BeegBlue]

@Sophia_WebX

[Beeg Blue Whale @BeegBlue]

Moving again 👀

[Beeg Blue Whale @BeegBlue]

Few will survive.

[Beeg Blue Whale @BeegBlue]

Blue Ocean King

[Beeg Blue Whale @BeegBlue]

Hold 🐳

[Beeg Blue Whale @BeegBlue]

Blue whale 🐳