Data: The DEED token on Robinhood Chain is suspected of a Rug Pull, with the deployer profiting nearly 900,000 USD

According to Onchain Lens monitoring, the DEED token on the Robinhood Chain is suspected to have experienced a rug pull. 110 associated wallets once controlled about 86% of the token supply and withdrew approximately $700,000; the creator also collected fees of 68.5 Ethereum (ETH), worth about $188,900.

The market capitalization of DEED has dropped from a peak of $4.23 million to about $55,000, a decline of approximately 98.7%. The initial funds in the creator's wallet came from KuCoin.