FutureHumanism
Research · Crypto & DeFi
In June 2025, Robinhood's Stock Token system minted a test token and handed it to a fresh wallet, 4260. The future $WALLET deployer paid that wallet's first gas, and 18 days later 4260 sent the transaction Robinhood showed off as its first OpenAI stock token. A year on, the same test cluster bought $WALLET two days after launch. Every step below links to its transaction.
The wallet that mints and hands out Tesla, Home Depot and AMC Stock Tokens sent 4260 its first shares at 21:37:35 UTC on Jun 12, 2025. aa33's gas arrived 1 h 36 m later. On Jun 30, 4260 sent the Cannes demo transaction that Robinhood's CEO posted as proof the OpenAI stock token worked.
Each finding is tagged by how far the evidence goes. Confirmed means read directly from chain data.
One factory, 0xd29A…2e05, created 2,063 tokens. Among them are the live Tesla (0x52ed…bd62), Home Depot, AMC and Palo Alto Networks Stock Tokens. Demo 2 was made there on Jun 6, 2025, and its sibling demo token 1 followed 42 blocks later.
0x44c7…bc43 receives every live Stock Token mint. At 21:37:35 UTC on Jun 12, 2025 it sent 4260 its first 10 Demo 2 shares. It is an ordinary Transfer and TransferShares log that any Arbitrum RPC returns.
At 15:52 UTC on Jun 30, 2025, Robinhood's CEO posted that “the OpenAI stock token transaction did indeed succeed”, linking 4260's 15:39:33 transfer of 2,304.84 Demo 2. On-chain the token was still called “o”. It became “OpenAI / OPAI” 3.5 hours later.
Shares landed at 21:37:35. aa33's gas landed at 23:14:04, 1 h 36 m later, and 4260's first move followed 38 minutes after that. Community timelines had this order reversed.
The deployer created it, the minter minted it, the distributor handed it out and later burned the leftovers, and the metadata admin renamed it “OpenAI / OPAI” on Jun 30, 2025 before switching it back a week later.
4260 funded 0xe485…0e98 in 2025 and again on Jul 12, 2026. That evening e485 made its first Robinhood Chain transaction, a 0.3 ETH buy of 127,362 $WALLET. On Oct 3, 2026 it still holds every token.
Paying the first gas for a wallet that already held a production-minted test token is hard to explain any other way. It still does not tell us who controls aa33.
0xbb00…37fd did rebuild 21 $WALLET bands in 20 seconds on Aug 8, 2026. It runs 1,102 Uniswap v3 positions across several Robinhood Chain markets, only 96 of them in $WALLET, and none hold liquidity today.
Nothing here identifies who controls aa33, 4260 or e485, or shows Robinhood approving the $WALLET launch. Proximity is not authorship.
Each row is a wallet and each arrow is a transfer. Time runs left to right on a separate scale for each year. On Jun 12 the two incoming arrows are spread apart so both stay visible; the next chart shows that day to scale.
Community notes had aa33's gas arriving first and the shares appearing out of nowhere. The shares were already in the wallet, sent by the Stock Token distributor. aa33 paid for the first move.
These four keys operate the factory's live Stock Tokens on Arbitrum today. Robinhood's official contract list covers Robinhood Chain only, so it does not name them. The tie to Robinhood is the deployer's explorer label, “Robinhood: Deployer”, and the Cannes demo transaction its CEO posted, which moved a token these keys created and minted.
Creates every Stock Token in this family, including TSLA, HD, AMC and PANW.
Created Demo 2 on Jun 6, 2025, and demo token 1 42 blocks later.
Calls mintShares on live Stock Tokens. It signed 37 of the last 40 share mints on Arbitrum.
Minted the only two Demo 2 batches: 10 shares on Jun 9 and 2,299 on Jun 28, 2025.
Receives every mint from the minter and hands tokens out.
Received both batches, sent them to 4260, and burned the leftover test balances on Jul 7, 2025.
Signs setMetadata renames on the factory's tokens, including recent corporate-action renames.
Renamed Demo 2 “OpenAI / OPAI” on Jun 30, 2025, then “demo token 1” on Jul 7.
Times in UTC. Amounts are Demo 2 tokens unless marked. Hashes open on Arbiscan, or the Robinhood Chain explorer for Robinhood Chain rows.
| Time | Event | Amount | Tx |
|---|---|---|---|
| 2025 · Stock Token testing on Arbitrum One | |||
| 2025-06-0617:26:24 | Factory creates Demo 2 (block 344,578,928) with the on-chain name “o”. Sent by the deployer key. Nothing minted at creation.Arbitrum | 0xc6d52680…e66e6d | |
| 2025-06-0617:26:42 | Factory creates its sibling, demo token 1 (block 344,578,970).Arbitrum | 0xc6118d02…e71c6c | |
| 2025-06-0918:16:48 | Minter 0xe066…92ad calls mintShares: first Demo 2 shares go to distributor 0x44c7…bc43.Arbitrum | 10 | 0x68af35e0…17fe3f |
| 2025-06-1221:37:35 | Distributor 0x44c7…bc43 sends Demo 2 to 0x4260…C289. This is the source the community was looking for.Arbitrum | 10 | 0x9fbef8c0…b5940c |
| 2025-06-1223:14:04 | aa33 sends gas to 4260, 1 h 36 m after the shares arrived.Arbitrum | 0.000075391 ETH | 0x191c3f05…3416c6 |
| 2025-06-1223:52:11 | 4260's first ever transaction (nonce 0): a small Demo 2 send to 0x74bf…81dc.Arbitrum | 0.00213 | 0x575a90ab…7c54d8 |
| 2025-06-1223:52:48 | 0x74bf returns it 37 seconds later. A send-and-return test.Arbitrum | 0.00213 | 0xa460eb20…df6a48 |
| 2025-06-1223:54:42 | 4260 transfers Demo 2 to itself (nonce 1).Arbitrum | 0.000426 | 0xab861fe5…35e6e2 |
| 2025-06-2815:01:41 | Minter calls mintShares again, to the distributor.Arbitrum | 2,299 | 0x57abb878…cbc7b0 |
| 2025-06-2820:28:43 | Distributor sends the new shares to 4260.Arbitrum | 2,299 | 0x4e508b75…5f5bdc |
| 2025-06-3010:52:37 | 0x67be…a405 sends 4260 gas.Arbitrum | 0.002036 ETH | 0x015fc6b7…cf73d8 |
| 2025-06-3015:39:33 | Robinhood's on-stage OpenAI stock token demo in Cannes: 4260 sends nearly all its Demo 2 to 0x1859…4504.Arbitrum | 2,304.84 | 0xcc3d0318…d0afa8 |
| 2025-06-3015:52:22 | Robinhood's CEO posts on X: the OpenAI stock token transaction “did indeed succeed”, linking this exact transfer. View postX post | -- | |
| 2025-06-3019:18:37 | Metadata admin 0x1ac5…be39 calls setMetadata: Demo 2 is renamed “OpenAI” / “OPAI”.Arbitrum | 0x4f982db3…c2c450 | |
| 2025-07-0113:42:17 | 4260 moves demo token 1, the sibling test token.Arbitrum | 0x4744a5b7…7a8b7b | |
| 2025-07-0113:42:38 | 4260 sends Demo 2 to 0xe485…0e98…Arbitrum | 3.148 | 0x9cdc5d9e…020ff5 |
| 2025-07-0113:44:26 | …and funds e485 with gas two minutes later.Arbitrum | 0.002 ETH | 0x207b1769…b8df25 |
| 2025-07-0606:33:32 | e485 starts a day of testing: 66 transactions over Jul 6–7, including 39 Uniswap v4 and 3 v3 liquidity calls, 7 demo token 1 approvals and 6 USDC bridge burns.Arbitrum | 0x19dc8ecc…8b7a1f | |
| 2025-07-0717:21:25 | Metadata admin renames Demo 2 to “demo token 1”.Arbitrum | 0xb28ca58b…cb239a | |
| 2025-07-0722:12:39 | Distributor burns the remaining test balances of 0x1859 and e485 in one transaction.Arbitrum | 2,309.00 | 0xd9ad73a0…9cf455 |
| 2026 · One year later | |||
| 2026-07-10 | $WALLET launches on Robinhood Chain. The launch was initiated by aa33 (from our earlier research).Robinhood Chain | -- | |
| 2026-07-1213:49:37 | 4260 wakes up on Arbitrum after ten months and sets an EIP-7702 smart-account delegation.Arbitrum | 0x1e26ad86…7b8b73 | |
| 2026-07-1217:41:10 | 4260 funds e485 on Arbitrum.Arbitrum | 0.168 ETH | 0xc7d5e4db…99abde |
| 2026-07-1219:46:56 | 4260 tops e485 up.Arbitrum | 0.00099 ETH | 0xe0f53606…03b246 |
| 2026-07-1220:16:31 | e485's first Robinhood Chain transaction: it buys $WALLET from the main pool (0x9501…5d49) for 0.3 ETH.Robinhood Chain | 127,362.37 $WALLET | 0x919054dd…d3de4d |
| 2026-10-03 | e485 still holds 127,362.83 $WALLET. It has made one transaction on Robinhood Chain and never sent a token.Robinhood Chain | -- | |
KuCoin's announcement went out Sep 30, 2026 at 13:30 UTC and names the Robinhood Chain contract. Alpha is KuCoin's early-stage board, not its main spot market.
Jul 14 matches KuCoin's Web3 Wallet adding Robinhood Chain, which does not mention $WALLET. We found no evidence of KuCoin holding the token.
Arcus announced it on Oct 1, 2026 and describes itself as one of several routing providers. Robinhood had listed Arcus among the Wallet's venues on Jul 1. It says nothing about $WALLET.
It serves Robinhood's standard referral page, identical to join.robinhood.com, and the Wayback Machine has it on Oct 3, 2025.
Robinhood's own release covers Robinhood Agents, 10x crypto perpetuals and 24/7 weekend stock trading. It does not mention Robinhood Chain community tokens or $WALLET.
Demo 2's whole 2025 history is 48 events. This request to Arbitrum's public RPC (arb1.arbitrum.io/rpc) returns every one from creation to 4260's first move, including the 21:37:35 transfer.
{"jsonrpc":"2.0","id":1,"method":"eth_getLogs","params":[{
"address":"0xc1753BE9d4A7a9F7cade1Cd010cB6C3B09e043FA",
"fromBlock":"0x1489db70",
"toBlock":"0x14aac667"
}]}Sources: Arbitrum One public RPC and Arbitrum Blockscout for address histories; Robinhood Chain public RPC and our $WALLET transfer index (snapshot block 74,667,055, Sep 28, 2026); live balances read Oct 3, 2026. Context checks used Robinhood's newsroom and docs, Arcus's blog, The Block, KuCoin's announcements and the Wayback Machine. Leads came from community researchers and each one was re-checked from raw data.