On-Chain Data Exposes Link Between the Shiba Inu and Shibinhood Deployers
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On-chain analysis published Aug 3, 2026 shows the Shiba Inu deployer and the wallet that launched the Shibinhood (WOOF) token on Robinhood Chain are linked by two separate transaction paths that converge on the same address. The link raises questions about token provenance, centralization and security risk for holders and DeFi participants which could weigh on adoption and market trust.
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A new review of blockchain data has revealed a link between the Shiba Inu deployer and the wallet that later launched the Shibinhood (WOOF) token on Robinhood Chain. The on-chain records show two separate transaction paths that both end at the same wallet, which some market commentators have used to discuss the possible relationship between the two projects.
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