Pump and dump in disguise?
Robinhood let a company insider drop a token ($WALLET), which later skyrocketed to one of the chain’s top-valued tokens. We all thought it was a secret launch to help regular folks get in early on chain infrastructure (sounds like Robinhood’s vibe). They let that rumor spread for ages, so tons of people poured money in. There’s no way Robinhood didn’t know what was up. Then, when the token hit $84m market cap, they dropped a vague ‘branding conflict’ warning. Now the token’s tanking, and everyone’s stuck. Sure, investing’s risky, but this shows zero care for protecting users of this wallet or chain. That’s low.