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.
The original Shiba Inu deployer wallet, 0xB…A08, launched the $SHIB token in August 2020. Etherscan identifies this address as the Shiba Inu deployer. Today, it holds more than $7.5 million in assets across five blockchain networks, including around 50 million $SHIB.
Meanwhile, the wallet 0xe…6C4 recently deployed the WOOF token on Robinhood Chain, an Ethereum Layer-2 network built on Arbitrum Orbit. Robinhood Chain officially launched its public mainnet on July 1, 2026.
Blockchain records reveal two different transaction routes connecting these wallets. One route involves a direct token transfer, while the other follows a three-step $ETH funding trail.
Despite taking different paths, both transactions reached the same WOOF deployer wallet within a 35-day period during the summer of 2020. This suggests the connection may not have been a random occurrence.
First Connection Between Shiba Inu and Shibinhood Deployers
The first connection dates back to July 24, 2020. On that day, the $SHIB deployer wallet sent 200 KARMA tokens directly to 0xe…6C4, the wallet that would later deploy WOOF on Robinhood Chain.
This transfer took place just two days after the Shiba Inu deployer completed its first recorded interaction with Karma DAO. Blockchain data also shows that the deployer took part in Karma DAO’s launch on July 22, 2020.
Meanwhile, the transfer happened weeks before Shiba Inu officially launched. This shows that the WOOF deployer wallet already existed and had received assets from the $SHIB deployer before $SHIB became publicly available.
$ETH Funding Trail
A second transaction route further confirms the link. Specifically, on Aug. 9, 2020, the $SHIB deployer wallet recorded its largest single $ETH transfer by sending 30 $ETH to 0x4…806.
Two days later, that wallet transferred 0.1 $ETH to another address, 0x7…4e5. Then, on Aug. 31, 2020, the second intermediary wallet sent 0.025 $ETH to 0xe…6C4, the same wallet that had already received the KARMA tokens several weeks earlier.
Unlike the first route, this funding chain moved only $ETH and passed through two intermediary wallets before reaching its destination. However, both routes ended at the same wallet within about five weeks.
After receiving the KARMA tokens and the relayed $ETH in 2020, the WOOF deployer wallet remained largely inactive for almost six years. During that time, blockchain records show only one small $ETH transaction in December 2022.
The two intermediary wallets also remained dormant. After completing their role in the $ETH funding chain, neither wallet recorded any further activity.
However, in late July 2026, 0xe…6C4 became active again and deployed the WOOF contract on Robinhood Chain.
Blockchain Data Does Not Confirm Identity
However, while the transaction history presents a consistent trail, it does not reveal who currently controls the wallets. Blockchain records can trace the movement of funds between addresses, but they cannot identify the people behind them.
This is important because members of the Shiba Inu ecosystem development team have previously stated that several individuals had access to the $SHIB deployer wallet over time. They also noted that not everyone with access acted in the community’s best interest.
As a result, someone other than Shiba Inu’s founder could have made the transfers in 2020. At the same time, the multi-hop $ETH funding route suggests that the person behind those transactions likely followed strong wallet privacy practices.
The blockchain evidence confirms a financial link between the $SHIB deployer network and the wallet that later launched WOOF. However, it does not prove that both wallets belong to the same individual.
The available data leaves two possible explanations. The WOOF deployer could be part of Shiba Inu’s original team using a wallet funded in 2020, or it could belong to a former associate who received those transfers years ago.
