DEED: 110 Wallets Extract $700K in Rug Pull
$DEED rug pull saw 110 wallets extract ~$700K on Robinhood chain, market cap crashing 98.7% from $4.23M peak to $55K.
SourceAnalysis
$DEED launch on Robinhood chain unraveled as 110 connected wallets controlled 86% of supply at peak, extracting ~$700K total with 68.5 $ETH (~$188.88K) claimed in creator fees. Market cap plunged from $4.23M high to ~$55K, a 98.7% drop. Creator wallet 0x0052BB21E9CccfcB790913fe3D9bc52cC45d9dD9 received initial funding from KuCoin. DEED rug pull investigation highlights bundled launches that trigger crypto market crash patterns, while Robinhood chain crypto scam cases continue drawing scrutiny from on-chain analysts.
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