DEED Token on Robinhood Chain Suspected of Rug Pull; Deployer Earns Nearly $900,000

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On-chain data indicates that the DEED token on Robinhood Chain is suspected of a rug pull. At its peak, 110 linked wallets controlled 86% of the supply, withdrawing approximately $700,000 in funds. The project wallet also claimed 68.5 ETH (about $188,900) in creator fees. On-chain analysis shows the token’s market cap has plummeted from $4.23 million to $55,000—a 98.7% decline.

BlockBeats report, on September 23, according to Onchain Lens monitoring, the DEED token on Robinhood Chain is suspected of undergoing a rug pull.


The token issuance was highly concentrated, with a peak of 110 related wallets controlling approximately 86% of the supply, collectively withdrawing around $700,000; the project’s wallet also claimed 68.5 ETH (approximately $188,900) in creator fees.


The market capitalization of DEED has dropped from a peak of $4.23 million to approximately $55,000, a decline of 98.7%.

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