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

TechFlow reported that on September 23, according to monitoring by Onchain Lens, the DEED token on Robinhood Chain is suspected of a rug pull. 110 associated wallets temporarily controlled approximately 86% of the token supply and withdrew around $700,000; the creator also collected 68.5 ETH in fees, valued at approximately $188,900. The market capitalization of DEED has fallen from a peak of $4.23 million to about $55,000, representing a drop of roughly 98.7%. The initial funds for the creator's wallet originated from KuCoin.