Onchain forensics on $PINK (Robinhood Chain) - full rug breakdown 🧵
Contract: 0xECadb5609fD926707D9E69b4cB97BEE53c6386Bf
Creator: Parella @web3righteous
She claimed "community wallet" + "100% creator fees for the community."
Here's what actually happened, wallet by wallet:
🔴 STEP 1: Bybit → Fresh Wallet
Sept 28, 1 AM - Bybit hot wallet sends 0.198 ETH to brand new address 0x5484...981b1. Zero prior activity. Classic CEX exit.
🔴 STEP 2: Sniped Her Own Launch
01:53 AM - She buys 9.59% of supply (95.9M $PINK) for 0.18 ETH in the launch block. Textbook insider buy.
🔴 STEP 3: Fake "Community" Split
02:39 AM - Splits 9.59% across 19 wallets while retail is still buying. But 4.41% goes to THREE wallets controlled by ONE person:
• 0x074b... (2.85%)
• 0x7f1f... (1.05%)
• 0x5c8c... (0.51%)
All created same day. Never held ETH before.
🔴 STEP 4: Cross-Chain Dump to Hide Tracks
Every sale routed through cross-chain swaps. $PINK sold on Robinhood Chain but proceeds appear as USDC on Solana in two fresh wallets:
• Wallet A: 756.67 USDC
• Wallet B: 358.83 USDC
Timing = minutes after transfers. Same controller confirmed.
🔴 STEP 5: All Roads Lead to Bybit
08:55 AM - Both Solana wallets drain into "Collector" wallet 79dk...m26p
08:58 AM - Collector deposits exact total (815.50 USDC) into Bybit hot wallet Gem2...PoTka
Same Bybit address used in Nov 2025.
🔴 STEP 6: "Community Fees" Also Hit Bybit
She claimed 0.609 ETH creator fees.
08:47 AM - Bridges 0.553 ETH to Ethereum
08:48 AM - Sends to her Bybit deposit 0x07D4...f483
09:08 AM - Bybit sweeps into Hot Wallet 12
Same exchange. Same morning. 20 minutes apart.
💰 THE MATH:
Her stake: 0.198 ETH
Fee income: 0.609 ETH
Net from wallets: ~0.41 ETH (~$1,090)
"Community" 4.41%: $815 USDC into Bybit
Total real take: ~$1,900
✅ WHAT THIS PROVES:
Full money trail = Bybit → Bybit. Every tx tracked. The "community wallet" never existed. She dumped 4.41% through cross-chain bridges + fresh wallets to keep funds off-chain where $PINK trades.
Blockchain doesn't lie. Don't you just love onchain transparency? 🧐
Contract: 0xECadb5609fD926707D9E69b4cB97BEE53c6386Bf
Creator: Parella @web3righteous
She claimed "community wallet" + "100% creator fees for the community."
Here's what actually happened, wallet by wallet:
🔴 STEP 1: Bybit → Fresh Wallet
Sept 28, 1 AM - Bybit hot wallet sends 0.198 ETH to brand new address 0x5484...981b1. Zero prior activity. Classic CEX exit.
🔴 STEP 2: Sniped Her Own Launch
01:53 AM - She buys 9.59% of supply (95.9M $PINK) for 0.18 ETH in the launch block. Textbook insider buy.
🔴 STEP 3: Fake "Community" Split
02:39 AM - Splits 9.59% across 19 wallets while retail is still buying. But 4.41% goes to THREE wallets controlled by ONE person:
• 0x074b... (2.85%)
• 0x7f1f... (1.05%)
• 0x5c8c... (0.51%)
All created same day. Never held ETH before.
🔴 STEP 4: Cross-Chain Dump to Hide Tracks
Every sale routed through cross-chain swaps. $PINK sold on Robinhood Chain but proceeds appear as USDC on Solana in two fresh wallets:
• Wallet A: 756.67 USDC
• Wallet B: 358.83 USDC
Timing = minutes after transfers. Same controller confirmed.
🔴 STEP 5: All Roads Lead to Bybit
08:55 AM - Both Solana wallets drain into "Collector" wallet 79dk...m26p
08:58 AM - Collector deposits exact total (815.50 USDC) into Bybit hot wallet Gem2...PoTka
Same Bybit address used in Nov 2025.
🔴 STEP 6: "Community Fees" Also Hit Bybit
She claimed 0.609 ETH creator fees.
08:47 AM - Bridges 0.553 ETH to Ethereum
08:48 AM - Sends to her Bybit deposit 0x07D4...f483
09:08 AM - Bybit sweeps into Hot Wallet 12
Same exchange. Same morning. 20 minutes apart.
💰 THE MATH:
Her stake: 0.198 ETH
Fee income: 0.609 ETH
Net from wallets: ~0.41 ETH (~$1,090)
"Community" 4.41%: $815 USDC into Bybit
Total real take: ~$1,900
✅ WHAT THIS PROVES:
Full money trail = Bybit → Bybit. Every tx tracked. The "community wallet" never existed. She dumped 4.41% through cross-chain bridges + fresh wallets to keep funds off-chain where $PINK trades.
Blockchain doesn't lie. Don't you just love onchain transparency? 🧐