The Fabric Protocol’s ROBO token faces allegations of airdrop manipulation. Blockchain data suggests a single entity may have captured 40% of the distribution, valued at around $8 million at launch, using thousands of coordinated wallets. The protocol’s team has not been implicated, and the token’s price has shown short-term resilience despite the findings.
On-chain data indicates a single entity may have secured a disproportionate share of the Fabric Protocol’s ROBO airdrop. Analysis identified around 7,000 wallets with similar patterns claiming roughly 199 million tokens.
These wallets were funded with similar ETH amounts roughly two months before the February 27 launch. Funds were routed through multiple intermediary addresses before claiming the airdrop.
The consistent funding and transaction structure suggests a coordinated sybil attack. At least seven exchanges were used to fund the wallets involved.
Bubblemaps clarified it found “no evidence linking the activity to Fabric Protocol or Openmind’s core teams.” The analytics firm described the project team as cooperative after sharing its findings.
Market reaction has been mixed since the token’s launch. Data shows ROBO gained roughly 14%, trading around $0.025, but with volatile price action.
The concentration of tokens could introduce future sell pressure. This incident highlights persistent challenges in airdrop design against sybil attacks.
