deed

📰 DEED on Robinhood Chain’s Pons platform saw its market value evaporate by more than 90% in less than a day. On the surface it looked like a typical meme coin crash, but on-chain tracking revealed that 110 associated wallets once controlled about 86% of the supply, then withdrew roughly $700,000, while the creator also took 68.5 ETH in creator fees.

🔥 Even more outrageous: this wasn’t a one-off case. Following the flow of funds, on-chain analyst Wazz linked 53 token issuances from July 10 to September 21, estimating that a total of about $18.43 million was pulled from the market. This figure counts the money taken by the group, not the total amount lost by retail investors.

💡 In fact, this process is quite standardized: the proceeds from selling one token are used for the next token; prepare dozens of wallets in advance and add them to the tax-exempt list; then directly take 82% to 86% of the allocation, and after outside buyers enter, sell in batches.

⚠️ Pons V2 originally used an anti-sniper tax to gradually reduce the tax to zero within about 5 seconds. But the token-issuing address, the creator-fee address, and up to 32 specified wallets can be tax-exempt. The rules blocked unfamiliar bots, but they didn’t stop people who had obtained exemptions in advance.

👀 GoPlus also disclosed another type of meme factory: in the last 30 days, its trading volume exceeded $9 million. It used a large number of new wallets to sell in segments, creating the illusion of multiple independent traders. At the moment, there’s no evidence that it’s the same group of people as the one Wazz tracked. Honestly, when “fairness” is questionable—would you still be willing to touch these kinds of new coins?

#RobinhoodChain #DEED #Meme币 #on-chain data

*🇨🇳 Chinese Translation:*
Robinhood On-Chain Gang Allegedly Linked to 53 Token Issuances and $18.43 Million in Rug Pull Proceeds

On-chain analyst Wazz said that a gang on Robinhood’s on-chain platform has been repeatedly conducting rug pulls and cashing out. According to Odaily, the gang has been involved with at least 53 token issuance projects over the past two months and has cashed out about $18.43 million, with the actual scale potentially being even larger. Wazz noted that the DEED token cash-out that triggered the investigation was not even included among the gang’s top 10 cash-out cases.

*Poster:*

*Square Copy:*
🚨 *On-Chain Shocking Rug! A Robinhood gang issued 53 coins in 2 months and cashed out $18.43 million!*
Analyst Wazz reveals: pipeline token issuance → attract liquidity → drain the pool and run
DEED is just the tip of the iceberg—can’t even make it into the Top 10 cash-outs!
The actual scale may be bigger—memecoin chasers beware ⚠️
#RugPull #Robinhood #DEED
$HOODB

🚨 $DEED EXPOSED: MAJOR RUG PULL ON ROBINHOOD CHAIN! 💥

📊 On‑chain data shows 110 wallets hoarding 86% of $DEED supply before siphoning roughly $700k. The creator’s wallet pocketed 68.5 ETH (~$188.9k) in fees, a classic liquidity sweep by smart‑money actors 🦈.

📉 Market cap collapsed from $4.23 M to $55 k—a 98.7% erosion—leaving the order book barren and exposing remaining holders to severe downside risk ⚠️.

💬 How are you adjusting exposure after this institutional‑level exit? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #DEED #RugPull #RiskAlert #Crypto

🔥 🦈

Robinhood Chain—this time, it’s not just a single meme coin collapsing. It’s like bringing the “token issuance and harvest pipeline” straight onto the stage.

PANews cited on-chain analysis stating that after DEED debuted on Robinhood Chain’s Pons platform, its market value evaporated by more than 90%. The same crew carried out 53 token issuance events between July 10 and September 21, extracting a total of about $18.43 million. The article notes that they would use tax-exempt wallets to concentrate their holdings at launch, then sell off in batches. What’s exposed here isn’t only DEED, but the risk that mechanisms in Pons’ new-coin ecosystem can be used at scale.

Looking ahead, Pons’ anti-sniper tax can deter robots from sprinting ahead, but it can’t stop people who manage to obtain the whitelisted exemption addresses in advance. Also, the Gas subsidy from the Robinhood Wallet expires on September 29, and the market is watching whether trading volume will keep falling. One observation: if heat around newly launched coins continues to cool, it will be even harder for latecomers who chase higher prices to absorb the volatility. Another observation: if adjustments to the Pons mechanism are delayed in rolling out, similar schemes may keep recurring. Which are you more focused on—the changes in trading volume, or how new coins perform after the mechanism is adjusted?

Source: PANews

#DEED

Figure 1: Robinhood Chain exposes a meme-capture chain · Partial screenshot from the source page
Image source: https://www.panewslab.com/zh/articles/01a0eae7-debf-76de-9a1f-013b087b30ea