Promotional content related to the SCATMAN token appeared on the @SpaceXAI and @Starlink X accounts in mid-July 2026. On-chain analytics platform Lookonchain subsequently reported that associated wallets executed sales totaling 73.7 ETH in proceeds. The incident highlights the speed with which social media visibility can influence token trading on emerging chains like Robinhood Chain. Public X posts and blockchain explorer data provide the core verifiable elements, while the method of account activity and full context of wallet control stay unresolved.
A hacker launched a token called $SCATMAN and promoted it after hacking the @SpaceXAI and @Starlink accounts. 🚨
The hacker then minted 10T $SCATMAN and dumped all for 59 $ETH($108K).
Another wallet controlled by the hacker also sold 59.28M $SCATMAN for 14.7 $ETH($27K).
In… pic.twitter.com/y8IZxz8pT9
— Lookonchain (@lookonchain) July 13, 2026
SCATMAN promotions appear on branded X accounts
SpaceXAI is the official account for the SpaceXAI entity following xAI’s integration with SpaceX. Starlink represents the satellite internet service. Both held verification badges.
Screenshots and early posts, including from S.E. Robinson Jr., showed the accounts reposting or promoting content from a “Sam Catman” or @SamCatmanRH account that carried a SpaceXAI-affiliated badge. The posts linked to the SCATMAN token on Robinhood Chain. The material was later removed. No official statements from SpaceX, Starlink, or X were found confirming the activity or any breach.
The episode reflects a wider problem in memecoin markets, where interaction from a recognised account or public figure can be interpreted as token backing. Binance founder Changpeng Zhao recently distanced himself from several memecoins using his name, clarifying that community interaction did not represent ownership or endorsement.
Two wallets receive 73.7 ETH from token sales
On Robinhood Chain, blockchain records align with Lookonchain’s findings. The SCATMAN contract saw a large mint, followed by major sells.
- First wallet: sold 10 trillion SCATMAN for 59 ETH.
- Second wallet: sold 59.28 million SCATMAN for 14.7 ETH.
- Combined gross proceeds: 73.7 ETH.
The primary wallet 0xfee5…a8ba matches the reported mint and initial large sale. Lookonchain linked the second wallet (0xdd9f…ba89) based on timing and patterns, though independent evidence of shared control is limited. These are gross sale proceeds, not net profit. Wallet identities are unknown.
Conflicting market figures obscure the scale of the collapse
DEX data on Robinhood Chain recorded thousands of transactions and multi-million dollar volume shortly after promotion. Reports varied on peak valuation, some near 2 million dollars, others higher, likely due to differences in market cap versus fully diluted valuation, timing, or pool data. The token experienced a sharp decline exceeding 98 percent in some measurements, with limited remaining liquidity.
Large concentrated sales from the reported wallets appear to have driven the price drop by overwhelming thin pools. No independent confirmation of separate liquidity removal or malicious contract functions was found. A similar imbalance between early beneficiaries and later buyers has appeared in larger memecoin markets. On-chain analysis of the losses among TRUMP token buyers found that many wallets remained below their purchase prices while a smaller group of early participants and affiliated entities had already realised gains.
Blockchain and X records confirm the promotions, mint, and sales. However, the account access method, exact wallet control, total participant impact, and any official investigation stay unverified. The episode shows how quickly visibility from recognized accounts can affect trading on new chains.
AI Disclosure: Cryip uses AI-assisted tools to help refine language — correcting spelling and grammar and simplifying complex terms for readability.
We do this to make crypto topics easier to understand for readers at all experience levels. AI does not draft facts, sources, or conclusions. Every article is reviewed and approved by a human editor before publication. Read our full AI Use & Content Policy.
