ROBO, the native token of Fabric Protocol's project, which aims to create a robotics-oriented network layer, is on the agenda with allegations of airdrop manipulation that emerge in on-chain data.
According to data from blockchain analysis platform Bubblemaps, more than 7,000 wallets displaying similar transaction patterns collectively demanded 199 million ROBO tokens, which is equivalent to about 40% of the total airdrop. The value of this amount at the time of distribution was about 8 million dollars.
The ROBO token was released on February 27 as part of Fabric Protocol's expansion strategy supported by Openmind. Bubblemaps has detected a consistent funding and transaction structure among thousands of wallets.
About two months before the token launch, nearly 7,500 newly created wallets were funded by similar amounts of Ethereum. These wallets routed the funds through several intermediate wallet addresses, ultimately requesting the ROBO airdrop.
Transactions followed a repeated pattern: almost the same amount of Ethereum was sent to the newly opened wallets, the funds were passed through three-tier intermediate wallets, and the last wallets received their ROBO tokens from the airdrop.
These wallets accounted for a significant portion of the distribution and raised the suspicion of a coordinated sybil attack. In Sybil attacks, a single person or group tries to manipulate distribution systems such as airdrops with multiple wallet addresses.
The report also stated that at least seven different exchanges were used to fund the relevant wallets. Bubblemaps said similarities in timing, funding sources, and transaction flows indicate that wallets are controlled by a single entity rather than independent users.
Such behavior often exploits airdrop mechanics, leading to the majority of the tokens intended to be spread to the community being seized by a single participant.
Bubblemaps emphasized that there was no evidence that the activities in question were related to Fabric Protocol or Openmind's core teams. The analysis company stated that it shared its findings with the Fabric Protocol team before publishing it, and that the team was open and collaborative throughout the process.
Despite all these developments, the ROBO token shows a resistant price performance in the short term. At the time of writing the news, the token is trading at approximately 0.025 dollars. According to CoinMarketCap data, it has increased by about 14% since the launch. However, the price chart has been volatile since the launch, and a downward trend draws attention from the peak in early March.
The concentration of tokens in a small number of wallets may create selling pressure in the future, especially if these assets are released gradually.
This event once again brings up the challenges faced by token distribution models, especially in projects aiming to create a community with airdrops. Sybil attacks, with automated wallet creation and funding strategies, still remain a significant issue for actors looking to bypass compliance filters.
Although any irregularities have not been directly attributed to the project team, what is happening may cause calls for stronger anti-sybil mechanisms in the industry to come back to the fore.
#robo @Fabric Foundation $ROBO