---
name: hookr-token
description: Full deep dive of HOOKR / Hookr.fun on Robinhood Chain. Screened 30 Aug 2026 and RE-SCREENED 31 Aug 2026, when the buyback was traced to 0xZAPS Clanker fees rather than Hookr's own product. Carries five explicit corrections to the 30 Aug screen. Read before any HOOKR sizing or re-screen.
sources: [cowork]
aliases: [hookr, hookr-fun, hookr-screen]
---

# HOOKR, 0x18E674231A58c239Dc7DaeDcffE15Ec3A24cff5c, Robinhood Chain

Related: [[rh-chain-thesis]], [[openzaps-zaps]], [[dinerodom-wallets]], [[gem-hunter-doctrine]].

## RE-SCREEN 31 Aug 2026, CORRECTED AT 08:15 UTC AFTER A FULL RE-CHECK. THE CORE FINDING
The buyback is 93% subsidy from 0xZAPS and 7% Hookr's own product. NOT 100/0 as first written at 07:50.
THERE ARE THREE BURNER CONTRACTS, not one. Reconciled: 152 transfers to dEaD summing to 2,961,701 HOOKR = balanceOf(dead) exactly.
- 0xb5f7d9d4269c897df70df26f7ba48c0d933be8db, UNVERIFIED, 144 burns, 2,510,716 HOOKR. Funded by 6.2475 ETH of WETH from exactly ONE source, 0x31d6787b7c2c347ffb5b58171e33e9c5132a7338, Blockscout-named "Tokenized 0xZAPS Clanker fees", created by operator EOA 0x5a52D4B820Ae7F02880d270562950918ACb14aA2, itself fed 15.4613 ETH by ClankerFeeLocker 0x88db2340be5991b2b5fca2baee39b5ce048cd70c. Spent 4.8607 ETH = $11,865.
- 0x8cee20fa000af3266ac2cd2cbeefbcd19d98fd89, HookrFlywheelBurner, VERIFIED, the one named in the docs. 6 burns, 447,246 HOOKR. Funded 0.345445 ETH ENTIRELY FROM HOOKR'S OWN CONTRACTS: PoolManager 0.16015, HookrLaunchpad 0xaaed6fab06d53311220f35421dda5cc6d6e9d6c3 0.10772, HookrLaunchpadV5 0xa043caBE645636899dDe91Cce4693C00a015e660 0.07469, HookrLaunchpad 0x5ce779d23d2e99d322004f203813389b6a426e3b 0.00289. = $843. Swept ONCE, on 26 Aug.
- 0x1950d9f98414280fe0fdb8c0dcbeac2a22058b2d, unverified, 1 burn, 3,739 HOOKR, 0.002 ETH = $5.
- PLUS UNSWEPT: HookrHook 0xe7c3461A4c762fF9dB4F91BeE3Cf8deAaFc2E8CC holds 0.5676932 ETH of ERC-6909 claims inside the PoolManager (balanceOf(hook, currency 0) via selector 0x00fdd58e) = $1,386 accrued since the 26 Aug sweep. That is roughly $277/day of Hookr's OWN protocol fee, up about 6x from its first-20-days rate of 0.017 ETH/day.
- TOTAL lifetime buyback spend 5.2081 ETH = $12,713, of which 93.4% is 0xZAPS money.
- Hookr's own product lifetime: $843 swept + $1,386 unswept = $2,229. At a 0.3% take that implies about $92,300/day of eligible routed volume, i.e. 0.0066% of the chain's $1.403B daily DEX volume.
- 0xZAPS Staking Campaign 2 CONFIRMED from the primary source, @0xzaps 20 Aug 2026 17:44 UTC: "Staking Campaign 2 is live. 14 days. 100% of 0xZAPS trading fees at work: 50% streams to 0xZAPS stakers in WETH, 50% market-buys $HOOKR, burned to 0x...dEaD." Rewards started 21:00 UTC 20 Aug, so it EXPIRES ABOUT 3 SEP 2026 21:00 UTC.
- Buyback is a GENUINE MARKET BUY, decoded on tx 0x650841c9531f42421b8af5294cd53c190121e72bd3d2f39f7a108f2a6b6f9312: 0.05 WETH unwrapped, 6,558.1366 HOOKR out of the PoolManager into the burner, then burner to dEaD in the same tx. Not an inventory burn.
- Buyback is OWNER EXECUTED, not permissionless: 145 of 146 calls from 0x5a52D4B820Ae7F02880d270562950918ACb14aA2, selector 0x34e6436c.
- Separate mechanism, do not confuse: the "Auto Burn" HOOK BLOCK burns the LAUNCHED token's own supply, not HOOKR. NodarJ 9 Aug: "sends a share of each exact-input buy's token output straight to 0xdEaD. No ETH vault, no keeper, no buyback to sandwich."
- Second, non-fee accrual channel, under-weighted at 07:50: launches can choose an ETH or a $HOOKR pair (NodarJ 21 Aug). HOOKR-quoted pairs pay no protocol fee but create direct HOOKR buy demand as the quote asset.

## MY OWN 07:50 ERRORS, CORRECTED
- "The burner has received WETH from exactly ONE address" and "Hookr's own product has produced approximately ZERO realised buyback": WRONG. Root cause: queried Blockscout tokentx with offset=200 sorted desc, which truncated to 148 of 152 rows and hid all 6 burns by the doc'd burner. The number that misled: 148 transfers. ALWAYS pull the dEaD tokentx with offset=1000 and reconcile the sum against balanceOf(dead) before claiming a single burner.
- The 30 Aug screen's "the doc burner has received ZERO ETH and executed ZERO burns" is wrong for the same reason.
- Never conclude "no fee accrual" from ETH and ERC-20 balances alone on a Uniswap v4 protocol. Fees sit as ERC-6909 claims INSIDE the PoolManager singleton. Check balanceOf(address,uint256) selector 0x00fdd58e on 0x8366a39CC670B4001A1121B8F6A443A643e40951 with the currency address as the id.
- Correction 3 in the list below is itself now revised: the "80% of PONS revenue to buyback" figure came from memory and is NOT verifiable. Use the on-chain burn instead.

## FIVE CORRECTIONS TO THE 30 AUG SCREEN
1. "Lifetime burns = $32,837 at spot" was the wrong basis. Real lifetime ETH spent on buybacks is 4.8607 ETH = $11,865. Pricing burned tokens at today's spot overstates money actually spent.
2. "Implied eligible launchpad volume about $790,000/day" was the wrong object. No launchpad fee has ever reached the burner; implied Hookr launchpad volume from burns is $0.
3. "PONS at 84.6% annualised burn yield" used DefiLlama FEES. REVISED AGAIN 08:15 after on-chain verification: the "80% of revenue to buyback" figure is UNVERIFIABLE and is not what the chain shows. Measure PONS the same way as HOOKR, from burns. PONS 0x39dBED3a2bd333467115dE45665cC57F813C4571 has burned 291,050,530 PONS lifetime (29.1% of a 1B supply, mostly one-off). Recent daily burns: 31 Aug 835,914, 30 Aug 80,788, 29 Aug 287,007, 28 Aug 1,602,432, 27 Aug 39,754. Five-day average 569,179 PONS/day at about $0.232 = about $132,000/day = $48.2M/yr against a $232.1M cap = 20.8% burn yield, cap/buyback 4.8x. That lands within 5% of the revenue-derived 4.6x by a fully independent route, so the comparison holds. USE 4.8x.
3b. StonkBrokers REVENUE HAS COLLAPSED and this matters because Ben holds it: 30d revenue $1,812,200 (= $60,400/day) but 24h revenue only $10,668, an 82% drop. Its cap/revenue is 1.6x on the trailing 30d but 9.3x on the current run rate. Do not quote the 1.6x without the caveat.
4. "Attention down 66%, price highs on falling attention" REVERSED. LunarCrush interactions 152,510 on 29 Aug, 433,661 on 30 Aug, back to 86% of the 25 Aug peak of 503,697. Contributors 303. Not a distribution signature.
5. "Project X has 913 followers, narrative is a DineroDom + MCG KOL show" was an artifact of the account HACK. @Hookrfun was hacked, recovered 25 Aug ("We're back! 2FA Secured!"), now 2,517 followers. Real tier-one coverage exists and the 30 Aug check missed it: @Bluntz_Capital (338,562f) called it 23 to 26 Aug, @ripchillpill (99,604f) listed it 30 Aug as one of 4 coins to 5x by EOY, @_0xghost_ (44,479f), @dontbuytops (14,037f) from $200k mcap.
ADD @Bluntz_Capital AND @ripchillpill AND @graildoteth TO THE TIER-ONE LIST in research-sources. The standard eight missed all three.

## Snapshot 31 Aug 2026 07:50 UTC
Price $0.01917. Mcap = FDV $19,120,258, 1,000,000,000 fixed supply, 100% circulating. New ATH $0.01978 set 07:00 UTC today, now 3.1% off it. 24h vol $5,774,747. Aggregate liquidity $1,117,502 across 21 pairs. Holders 4,837, up from 4,253 on 30 Aug (+13.7% in 22h). Top 25 = 29.28%.
Real quote-side bid about $602,000: v4 ETH pool 0x590dcb6a87828bf688b48089a62239b693378f1fb64d2286e6a399ed8c005fdf 182.72 ETH = $446,020; v3 pool 0x42b19e5e3F28C4148C518444546f102F6ba87aB1 balanceOf-verified 18.123 WETH = $44,238; USDG v4 pools $111,774.
Flow: 24h 4,564 buys / 4,729 sells, 6h 1,431/1,575, while price +99% in 6h. Fewer larger buyers absorbing many small sellers, i.e. accumulation, the INVERSE of the distribution trap.

## Burn numbers, measured not quoted, CORRECTED 08:15
Burned all-time 2,961,701 HOOKR = 0.296% of supply, 152 transfers to 0x000000000000000000000000000000000000dEaD across 3 burner contracts. Reconciles exactly to balanceOf(dead).
ETH actually spent per day, ALL burners: 8/21 0.050, 8/22 0.044, 8/23 0.071, 8/24 0.966, 8/25 0.513, 8/26 0.885 (0.540 ZAPS + 0.345 the one and only Hookr-fee sweep), 8/27 0.127, 8/28 0.146, 8/29 0.071, 8/30 1.883, 8/31 (7.9h) 0.450.
7d average (8/24 to 8/30) 0.6558 ETH/day = $1,601/day = $584,365/yr. Cap/buyback about 30x.
Last 24h 2.333 ETH = $5,695/day = $2,078,750/yr. Cap/buyback about 8.5x. Trend is up.
Pending dry powder: 1.387 ETH of WETH sitting in the live burner (about $3,386) PLUS 0.5677 ETH of unswept ERC-6909 claims held by the hook in the PoolManager (about $1,386).

## Chain context 31 Aug 2026 (Robinhood Chain)
TVL $719,397,080, +21.2% on 7d, +92.4% on 30d. DEX volume 24h $1.403B, 7d $6.403B, 30d $16.497B, change_1d +35.65%, change_7d +183.17%, change_1m +287.03%. Chain fees 30d $100,039,747, change_1m +525.78%. 133 protocols, 78 chain-native. Uniswap V4 alone: $75.7M TVL, $33.9M 30d fees.
HOOKR's own fee base as a share of chain DEX volume: effectively 0.000%. Even crediting the entire $15,250 ZAPS-funded pot as a 0.3% take implies $5.08M of routed volume = 0.031% of the chain's 30 days.

## Slot ownership, split
ATTENTION rank in RH-chain launchpads: 3rd. PONS $232,066,116, STONKBROKER $36,216,025, HOOKR $19,120,258, SELECT $218,876, NOXA $93,207.
STRUCTURAL rank on launchpad TVL: unranked, HOOKR does not appear on DefiLlama at all. The chain has 30 launchpads tracked. NOXA Fun $5,495,800, StonkBrokers $1,025,187, token.select $356,063, Sentry $125,405, Coinbarrel $53,058. HOOKR's own verified hookrLockedInLaunchLiquidity is 129,788 HOOKR across 5 pools, about $2,488.
Same-chain competitor WITHOUT a token: NOXA Fun, $5,495,800 TVL, 2,209x HOOKR's locked launch liquidity. Also Snuggle, Liquidity Manager, $3,201,958 TVL and $1,110,548 of 30d fees, no token.
GENUINE slot: HOOKR is the only Uniswap v4 hook marketplace and no-code hook builder on the chain. Nobody else occupies it. Switching cost is zero, a launcher picks a launchpad per launch, so it is a lead, not a moat.

## Toll booth
Take rate: docs say flat 0.3% protocol fee on eligible ETH-pair swaps. UNVERIFIED from the contract. HookrHook is verified source but feeBps(), fee(), protocolFeeBps(), MAX_FEE(), maxFee() and owner() all fail to respond, so no fee cap is exposed.
Structural mitigant: in Uniswap v4 the hook address is part of the PoolKey, so the hook on existing pools is immutable. A new hook binds only new launches, so the take rate on the installed base cannot be raised.
HookrLaunchpadV5 owner() = 0x5a52D4B820Ae7F02880d270562950918ACb14aA2, the deployer EOA.
Scenario table off the $540,340/yr 7d base, cap $19.12M: today 35.4x cap/buyback and 2.8%/yr; 24h run rate 9.2x and 10.9%; chain 5x share flat 7.1x and 14.1%; chain 10x share flat 3.5x and 28.3%; chain 5x share triples 2.4x and 42.4%; chain 10x AND take rate 10x 0.35x and 283%.
To reach PONS's 4.6x cap/buyback, HOOKR needs $4.16M/yr = $11,390/day. That is 7.7x the 7d average and 2.0x its single best day. Far more reachable than DELTA's 109x gap.

## Product state
hookr.fun/api/protocol-stats: launches 99 (status verified), hooksCreated 60 (verified), hook blocks live pools snipe 29, fee 21, burn 23, lp 8, pot 32. volumeWei of 3,558,317 ETH is nonsense, ignore it (the site's own overstatement, same trap as 30 Aug).
hookr.fun/app is DEGRADED: "0 readable launches match", "56 launches unavailable", chain reads failing. The front end cannot enumerate its own launches.
LockRewardsV2 0x33f725e4a5094eDE37445A76bd96Ac9C8da94586 holds 493,688 HOOKR (0.049%), LockRewardsV1 0x62e282555F43cba2Fec5A36c6fF821421dd06878 holds 1 token. Still nothing staked.
Ecosystem forming: $HOOKERS hkrs 0x833153ECB2C183702907e1142317a707137af954 ($822,509 cap, $166,690 liq), GHOOK 0x0093005884142Fb305A3991DCD24e55Bfebf1570 ($15,610), RHOOK (a HIVE hook by @a_seven_life). @dontbuytops says @V4RCADE plans to migrate.
Founder Nodar Janashia @NodarJ (9,293f). PSA 29 Aug: "if you see any token or contract deployed from our deployer wallet, do not buy or interact with it, I've been doing a lot of YOLO testing." Deployer holds only 0.007 ETH, not extracting.

## Concentration
Top 25 = 29.28%. PoolManager 0x8366a39CC670B4001A1121B8F6A443A643e40951 2.569%. Deployer 0x5a52D4B820Ae7F02880d270562950918ACb14aA2 2.548%, UNCHANGED from 30 Aug, falsifier 3 not triggered. Largest EOA 0xDC0aA7C3205Fe9c6B077522c5ca1aCC4599af0d2 2.296%. SafeProxy 0x8bed9A9882A999748D145deCeE3b3aB748fF9ed9 exactly 20,000,000 (2.000%). Round-number pairs at 11,000,000 (0xCc708A199b8565c09BA2c0BD5fefa53Aaf2036Dc and 0x56E95b47A07210f1eA9fA418C7c5DC164C419Ac0) and 10,000,000 (0xDE52C75041371b5E08d8a50b82C63734850628C1 and 0xc2e2255bbE89941B5c0b91589787C0e526315148).
No labelled treasury, vault or staking contract in the top 25 other than the PoolManager. Correct for a burn mechanism, which spends rather than accumulates.
Overhang read: on fomo, essentially the ENTIRE top holder cohort is in profit, from +7% to +966%, entries spanning $982K to $19.7M MC. There is no underwater level acting as a ceiling; the ceiling is that everybody can sell at any time.

## ACTIVE PHISHING, ESCALATED
On 31 Aug 07:22 to 07:44 UTC, 12 of the 20 most recent posts carrying the correct contract address were claim-portal drainers from 4 to 121 follower accounts: @0xBlood_xme, @iSfckKmIY9D0Nnu, @gendegerg, @sarahannslater, @althea4p, @yx__ong, @RathnamSaravan1, @fomohjb, @NIGHTSHADEHXA, @Nodesynth_ax. Text pattern: "holder eligibility is live", "claim portal is open", "check if your wallet qualifies". hookr.fun's own header states there is no airdrop or claim portal. NEVER sign anything from a HOOKR claim link.
Separate bot farm: identical "New listing on the radar, cast your vote" posts with vote codes.

## VERDICT 31 Aug 2026: STILL STARTER, one third. Reason CHANGED.
The thing that would have upgraded it to full (mechanism observed, priced, and wired to the product) is exactly what got falsified. The bear case that governed the 30 Aug tier (attention decay) reversed.
NEW UPGRADE TRIGGER, replacing the old $15,000/day burn trigger which measured the wrong thing. Watch the HOOKR-OWN pipe, which is now known to be live: HookrFlywheelBurner 0x8cee20fa000af3266ac2cd2cbeefbcd19d98fd89 receives 1.5 ETH or more in any rolling 7 days (about $3,660, i.e. 4x its entire lifetime take), OR the hook's ERC-6909 ETH claim balance in the PoolManager accrues at 1 ETH per week or better. Either means the product is paying for its own buyback rather than 0xZAPS paying for it.
CURRENT BASELINE FOR THAT TRIGGER: 0.5677 ETH accrued in the 5.3 days since 26 Aug, about 0.107 ETH/day, i.e. 0.75 ETH/week. It is at HALF the trigger already and rising.

## VERIFICATION LOG, second full pass 08:00 to 08:15 UTC 31 Aug
CONFIRMED: burn reconciliation 152 transfers = balanceOf(dead) = 2,961,701. Buyback is a real market buy (tx decoded). 0xZAPS campaign terms and 3 Sep expiry (primary source quote). @Bluntz_Capital 338,582f, 425 likes and 103,640 views on the 24 Aug post. @ripchillpill 99,605f, 104 likes on the 30 Aug 5x list. ATH $0.0197840474239082 set 31 Aug, from 26 DAILY candles (correct methodology, not hourly). Deployer balance still exactly 25,484,589.160857998, falsifier 2 not triggered. Chain context identical on re-pull.
NEW: GoPlus NOW RETURNS DATA for chain 4663 where it returned {} on 30 Aug, and independently confirms the fatal column clean: is_mintable 0, can_take_back_ownership 0, is_honeypot 0, buy_tax 0, sell_tax 0, is_proxy 0, is_blacklisted 0, transfer_pausable 0, lp_holder_count 14.
NEW: holders 4,879 at 08:10, up from 4,837 at 07:45 and 4,253 on 30 Aug. Ignore GoPlus holder_count of 2,593, it is stale.
NEW: price is violently volatile intraday. $0.01917 at 07:50, $0.01966 at 08:08, $0.01768 at 08:12. Mcap swung $19.6M to $17.6M in four minutes. Quote a timestamp with every cap.
THREE FALSIFIERS: (1) 0xZAPS campaign 2 ends 3 Sep and no WETH reaches the burner for 72 consecutive hours; (2) deployer 0x5a52D4B820Ae7F02880d270562950918ACb14aA2 moves any of its 25,484,589 HOOKR to a router or pool; (3) holders fall from 4,837 for 5 consecutive days, OR LunarCrush interactions 7d average under 100,000 with contributors_active under 150 while price is flat or lower.
EXIT DEPTH at Ben's real size against $602,000 of quote-side bid: about 1.7% impact each way at $10,000 split across pools (2.2% on the main pool alone), about 4.2% each way at $25,000. Pool fee 0.25% each way. Round trip about 4.6% at $10,000 and about 9.5% at $25,000. $10,000 remains the clean ceiling.
NET BUY REQUIRED: 10x = (1,117,502/2) x (sqrt(10)-1) = $1,208,300. 5x = $690,700. v4 concentration makes both an upper bound.
OVERLAP: STONKBROKER, which Ben holds, is the #2 launchpad on this chain by revenue ($1,812,200 of 30d revenue, $1,025,187 TVL, cap $36,216,025). HOOKR is the #3 launchpad by attention with ZERO own-product revenue. Same chain, same sector, same KOL cluster, correlation near 1. Adding HOOKR concentrates rather than diversifies.

---

# THIRD PASS, 6 Sep 2026 08:00-09:00 UTC. Ben asked about DineroDom's thesis, hook adoption, what is pointed at the token, forkability, and whether it is undervalued.

## TWO SOURCES FAILED AND BOTH ARE ACTIONABLE
- **twitterapi.io IS OUT OF CREDITS. `GET /oapi/my/info` returns `recharge_credits: -146`.** Every query returns `{"error":"Unauthorized","message":"Credits is not enough.Please recharge"}`. On 3 Sep the balance was 2,826,772. **Ben has to top it up; no session can fix this.** The droplet fallback `/opt/xq.py` reads the SAME key and is therefore also dead. X was read through the Chrome bridge instead, which worked.
- **Dune is out of datapoints for the billing cycle**: `"This api request would exceed your configured datapoint limit per billing cycle."` on a tiny aggregate query. Raise the limit in Dune subscription settings or wait for the cycle. **The hook-adoption question was answered by raw `eth_getLogs` instead, and that method is now the preferred one anyway (below).**
- Blockscout `txlistinternal` failed after 6 retries, so cumulative ETH inflow to the flywheel burner is UNMEASURED this pass. Its current balance (0.0361 ETH, unspent) is the substitute.

## THE METHOD THAT REPLACED DUNE, reusable on any v4 chain
`eth_getLogs` on the PoolManager `0x8366a39CC670B4001A1121B8F6A443A643e40951` for topic0 `0xdd466e674ea557f56295e2d0218a125ea4b4f0f6f3307b95f85e6110838d6438` = `Initialize(bytes32,address,address,uint24,int24,address,uint160,int24)`. The hook address is the THIRD non-indexed word: `data[128+24 : 128+64]`. **50,000-block ranges work; 2,000/10,000/50,000 all returned. RH chain is 864,000 blocks/day, so one day is 18 calls and 30 days is ~518 calls at ~0.2s pacing (about 6 minutes).** No key, no bridge, no Dune.

## THE DECISIVE NUMBER. HOOK ADOPTION IS REAL AND HOOKR HAS ALMOST NONE OF IT.
**30 days to 6 Sep: 345,237 Uniswap v4 pools created on Robinhood Chain. 114,507 used a hook (33.2%). HookrHook `0xe7c3461A4c762fF9dB4F91BeE3Cf8deAaFc2E8CC` was the hook on 50 of them = 0.0145% of all pools and 0.044% of hooked pools.**

| window | v4 pools | hooked | hooked share | distinct hooks |
|---|---|---|---|---|
| last 24h | 15,162 | 4,473 | 29.5% | 318 |
| day -7 | 18,794 | 5,833 | 31.0% | 271 |
| day -14 | 6,420 | 2,506 | 39.0% | 294 |

- **Hooked SHARE is flat to falling (39.0% → 31.0% → 29.5%) while absolute pool creation grew.** The meta is growing in volume, not in penetration.
- Top hooks by new pools, last 24h, named from Blockscout: **`0x4e3468951d49f2eea976ed0d6e75ffcb44a9a544` DopplerHookInitializer 1,893** · **`0xe5e702641ea86f4ae6cc3cdaed2b886f976be044` the Pons hook 679** · `0x4eb1976978756bd56802d8162f2271844924e0cc` ERC1967Proxy 296 · `0x0310cfebe1d7a69f2414f6595bbe9d17c5342acc` LaunchHook 242 · `0x745d717620052a97a22deee2e5eba59583f3e0cc` 168 · `0xd2f759a1cf13c30127c551c3aee04629aea200c0` unverified 166 · `0x16d1560630ce74af4478d9b8ad46548a092a2000` PairV4Hook 130 · `0x75a54357d9c78a2db19004a5fdc76c50f9242aec` CashCatHookV2 82.
- **HookrHook does not appear in the top 12 in ANY of the three windows.** Doppler alone did 38x HOOKR's entire 30-day pool count in a single day.
- **FORKABILITY IS SETTLED, and it is not a theory: 318 distinct hooks were deployed on this chain in 24 hours, and the named leaders are all other people's hooks.** HookrHook's source is verified on Blockscout, so it is readable and copyable. Doppler, Pons, PairV4Hook, CashCatHookV2 and LaunchHook are already deployed competitors. DefiLlama also lists a rival launchpad literally called **HookOS**. **The slot HOOKR "owns" is a marketing slot, not a technical one.**

## WHAT DINERODOM ACTUALLY SAID, verbatim, and what it does and does not claim
- @DineroDom0 (verified), 5 Sep, 6.4K views, quoting **@CoinDeskData 4 Sep**: *"@Uniswap intermediates ~77% of chain volume, enough that Robinhood Chain now accounts for over 50% of Uniswap volume across all chains, the first non-Ethereum chain to do so. It also holds the majority of all Uniswap v4 hook-pool swaps, a meta @Hookrfun fits."* Dom adds: *"Don't forget who @NodarJ is... This is Defi 1.0 meets technology that can bring 6 year ideas to life! Comfy in my $HOOKR."*
- **READ IT PRECISELY. The CoinDesk stat is about the CHAIN's share of v4 hook swaps. It says nothing about HOOKR's share. Dom's own word is "fits" — a narrative-fit claim, not an adoption claim, and he is honest about that.** The 30-day scan above is the adoption claim, and it is 0.044%.
- @DineroDom0, 5 Sep, 11K views: *"blue ocean tech is difficult to value and often leads to inconceivable prices. $HOOKR and V4 hooks will be no different."* **That is explicitly a no-valuation-anchor argument, not a cash-flow argument.**
- @DineroDom0, 25 Aug article, 10K views, 126 likes: *"This is what Uniswap envisioned when they created the V4 hook. Founder @NodarJ spoke at ETHDenver six years ago about an eerily similar concept to V4 Hooks."* Founder-credibility claim, UNVERIFIED against the actual talk.
- **The live catalyst is @Uniswap itself, 12h before this pass: "Uniswap hooks are eating the world."** @NodarJ quoted it: *"Hook initializations will be the clearest leading indicator of this bull market. Watch where hooks are going, volume will follow."* **He is right about the indicator and it does not point at his own hook.**
- Retail bull chatter is pure price talk: @Crypto_peet *"towards 80-100-150-250m"*, @0xesprezzo *"$Hookr is going to billions"*, @naP0Liano. No adoption numbers in any of it.

## WHAT IS POINTED AT THE TOKEN, AND THE SUBSIDY HAS ENDED
- **Burned all-time 3,743,331 HOOKR (0.374% of supply) across 255 transfers.** By burner: **ZAPS-funded `0xb5f7d9d4269c897df70df26f7ba48c0d933be8db` 3,224,242 (86.1%)** · **HookrFlywheelBurner `0x8cee20fa000af3266ac2cd2cbeefbcd19d98fd89` 473,268 (12.6%)** · deployer EOA `0x5a52D4B820Ae7F02880d270562950918ACb14aA2` 42,069 (1.1%) · `0x1950d9f98414280fe0fdb8c0dcbeac2a22058b2d` 3,739 · `0x5d754384a7c0503dbe1b67595aca7ebe1dad305e` 13.
- **LAST ZAPS-FUNDED BUYBACK BURN: 4 Sep 2026 05:22 UTC. LAST HOOKR-OWN BURN: 1 Sep 2026 21:27 UTC.** The only burn since was **42,069 HOOKR sent by the deployer's own wallet on 5 Sep 13:53** — a manual meme-number burn from inventory, **not a market buy, and it must never be counted as buyback**.
- **0xZAPS Staking Campaign 2 is confirmed over.** Primary source @0xzaps 21 Aug: *"Staking Campaign 2 is live. 14 days... 50% market-buys $HOOKR, burned to 0x...dEaD. Rewards start 21:00 UTC."* 14 days from 21 Aug ends 4 Sep, and the burner stopped that exact morning. **A `(from:0xzaps)` search returns NO campaign-3 announcement.** Falsifier 1 from the 31 Aug pass is at ~51 hours of its 72-hour clock and on track to fire.
- **The own-product pipe collapsed, and this is the corrected number.** Hook ERC-6909 native claim inside the PoolManager is **0.1465 ETH** now, accrued over the 4.5 days since the 1 Sep sweep = **0.0326 ETH/day = ~$81/day at $2,498/ETH**, versus **0.107 ETH/day measured on 31 Aug. A 70% fall.** The flywheel burner holds 0.0361 ETH unspent and has not fired since 1 Sep.
- **NEW SOURCE, and it did not exist on 31 Aug: DefiLlama now carries HOOKR as "Hookers", category Launchpad, Robinhood Chain.** Revenue 24h **$710**, 7d **$11,073**, 30d/all-time **$14,557**. Fees 24h $4,754, 7d $45,297. Daily revenue series: 30 Aug 3,242 · 31 Aug 1,917 · 1 Sep 819 · 2 Sep 1,211 · 3 Sep 1,845 · 4 Sep 1,329 · **5 Sep 710, two days falling.**
- **UNRESOLVED AND MATERIAL: Llama's revenue ($710-1,582/day) is 10-20x the ETH actually reaching the buyback pipe (~$81/day).** The gap is presumably fees denominated in USDG or in the launched tokens, which never become a HOOKR buy. **Do not annualise Llama's revenue as if it accrues to the token. Only the ETH leg does.** Resolve by reading the hook's ERC-6909 claims for the USDG currency id next pass.

## VALUATION, 6 Sep 08:30 UTC. NOT UNDERVALUED ON ANY CASH-FLOW MEASURE.
Price $0.01644-0.01690, **mcap $16.4M to $16.9M** (quote a timestamp, it moves 3% in minutes), 1,000,000,000 supply fully circulating, agg liquidity $1,225,839 across 12 live pairs, vol24 $3.79M, holders **6,792** (4,879 on 31 Aug, **+39% in 6 days**), txns h24 2,373 buys / 2,261 sells.
**ATH $0.0310448 = $31.0M mcap on 4 Sep (daily candles, 32 bars). Now -46.7% off an ATH set two days ago.** Per Ben's standing rule this is NOT called late on the drawdown alone: holders are still climbing hard and buys still lead sells.

| token | mcap | protocol revenue | cap / annualised rev |
|---|---|---|---|
| PONS `0x39dBED3a2bd333467115dE45665cC57F813C4571` | $654,674,467 | Pons V2 $1,788,459/day | **1.0x** |
| PAIR `0x6b1d42927B1a84eC28Fa88d4fC6FA7AF404966be` | $31,827,969 | $15,680/day | **5.6x** |
| **HOOKR** `0x18E674231A58c239Dc7DaeDcffE15Ec3A24cff5c` | **$16,898,829** | $1,582/day (7d avg) | **29x** |
| **HOOKR on the latest day** | | $710/day | **65x** |
| **HOOKR on the ETH that actually buys the token** | | ~$81/day | **~570x** |
| StonkBrokers | (not re-pulled) | $9,972/day, 30d $1,524,582 | collapsed, see 31 Aug note |

- **Frame 1, fundamental anchor:** at PONS's own 1.0x cap/revenue, HOOKR's 7d revenue supports **$0.58M**; at PAIR's 5.6x, **$3.2M**. Today's $16.9M is 5x to 29x that. **On the sector's own multiple it is expensive, not cheap.**
- **Frame 2, live-product floor:** the product is live, the app works, the contracts are clean (GoPlus: no mint, no blacklist, no pause, 0/0 tax), 115 launches and 62 hooks created, and it is now on DefiLlama with real revenue. That earns the RH-chain live-product band, roughly **$3M to $8M**, and that is a floor reference, not a fair value.
- **Frame 3, narrative ceiling:** the hook meta is genuinely the biggest thing on this chain and Uniswap itself is amplifying it. If HOOKR became the category token the way PONS became the launchpad token, PONS's $654.7M is the ceiling and PAIR's $31.8M is the near-term rung. **A 2x to a PAIR-sized cap needs no revenue at all, only narrative. A 39x to PONS needs the adoption that the 0.044% number says it does not have.**

## PRODUCT STATE, 6 Sep
hookr.fun/api/protocol-stats: **launches 115** (99 on 31 Aug), **hooksCreated 62** (60), traders 310, trades 16,326. Hook blocks: snipe 64 launches/39 live pools · fee 48/25 · burn 52/26 (24 active) · lp 34/8 holding 0.0363 ETH · pot 73/39 (only 3 active) holding **0.6096 ETH**. **hookrLockedInLaunchLiquidity FELL to 85,800 HOOKR across 7 pools (129,788 across 5 pools on 31 Aug), about $1,411.** `volumeWei` is still nonsense, ignore it.
**+16 launches and +2 hooks in 6 days. That is the growth rate that has to be reconciled with a $16.9M cap.**

## HOLDER AND SUPPLY MOVEMENTS
- **Falsifier 2 from the 31 Aug pass is NOT technically fired but it moved, and it must be watched.** Deployer went 25,484,589 → **23,545,806 HOOKR**. On **4 Sep 22:02 it sent 1,915,852.80 HOOKR to `0x3386b004ec4a2fc7cbdef7f933ef98e83a9c2fcd`**, and on 5 Sep burned 42,069. **The recipient is an EOA (no code) that still holds all 1,915,891 — it has NOT sold.** Same shape as the 21 Aug transfer of 5,000,000 to `0xb266ef3a1a76cfc245d308e30e99aa27d1be48b5`, an EOA that still holds exactly 5,000,000. **The falsifier said "moves any to a router or pool"; these went to cold wallets, so it has not fired. But 6.9M HOOKR ($117k) now sits one hop from the market in two unexplained EOAs.**
- Holders **6,792**, up 39% in 6 days against a price that is 47% off its high. **Rising holders into a drawdown is the one genuinely bullish read in this pass.**

## CHAIN CONTEXT, 6 Sep
Robinhood Chain TVL **$908,649,407** (+29.6% 7d, +108.8% 30d). DEX volume 24h **$1.61B**, 7d $11.30B, 30d $24.12B (+176.5% on the month, -14.7% on the day). Chain revenue 24h $2,611,959, 30d $25,153,216. **HOOKR's own 24h revenue of $710 is 0.027% of the chain's protocol revenue and its fee base is ~0.0003% of chain DEX volume.**
**DATA WARNING: DefiLlama now reports Uniswap V4 on Robinhood Chain at $0 fees 24h/7d/30d, where the 31 Aug pass recorded $33.9M of 30d fees. Uniswap V3 shows $609,234/day. That is an adapter break, not a collapse. Do not quote Llama for v4 activity on this chain; use the PoolManager logs.**

## VERDICT 6 Sep 2026: HOLD IF HELD, DO NOT ADD HERE. Downgrade from STARTER.
The thesis Ben was given is a category thesis, and the category thesis is TRUE: hooks are the meta, the chain owns the meta, Uniswap is amplifying it, and Nodar is a real builder. **The token does not capture it. 0.044% of hooked pools, revenue falling two days, and the 86%-of-all-buyback subsidy switched off on 4 Sep with no replacement announced.** What is left is a $16.9M narrative bet at 29x revenue with rising holders.
**Three falsifiers, replacing the 31 Aug set:**
1. **HookrHook's share of newly hooked pools clears 1% in any 7-day window** (it is 0.044% over 30 days). That is the only thing that converts the category thesis into a token thesis, and it is measurable weekly with the getLogs method above.
2. **0xZAPS announces Campaign 3, or the flywheel burner receives 1.5 ETH in any rolling 7 days.** Either restores a real bid. Baseline: 0.0361 ETH sitting unspent, ~0.0326 ETH/day accruing.
3. **Either EOA holding the deployer's transferred stack (`0x3386b004ec4a2fc7cbdef7f933ef98e83a9c2fcd` 1,915,891 or `0xb266ef3a1a76cfc245d308e30e99aa27d1be48b5` 5,000,000) sends any HOOKR to a pool or router.** That is 6.9M tokens of overhang with no disclosed purpose.
**What would change the verdict fastest is falsifier 1, and it is the one nobody promoting this token has measured.**

---

# FOURTH PASS, 15 Sep 2026 21:20 Bangkok. TWO OF THE THREE 6 SEP FALSIFIERS HAVE FIRED. VERDICT: HARD NO.
Triggered by an independent review (RH-2026-09-15-v21) recommending HOOKR as a **BUY** at $0.0077-$0.0082 with a $0.00685 exit. **That call is rejected on measured evidence.**

## FALSIFIER 3 FIRED. THE 5,000,000 OVERHANG WALLET EMPTIED INTO THE POOLS.
`0xb266ef3a1a76cfc245d308e30e99aa27d1be48b5` went **5,000,000 -> 181,073.04 HOOKR**. Total out **4,833,837.15** in 5 transfers, all to trading venues, i.e. **selling, not relocation**:
- 13 Sep 03:23 **257,961.17** to PoolManager `0x8366a39cc670b4001a1121b8f6a443a643e40951`
- 13 Sep 03:23 **51,859.79** to the v3 pool `0x42b19e5e3f28c4148c518444546f102f6ba87ab1`
- **14 Sep 04:53 4,488,325.18** to PoolManager (the big one)
- 15 Sep 12:35 **2,000.00** and 15 Sep 17:54 **33,691.01** to PoolManager
At $0.007958 that is roughly **$38,470 of supply hitting the book in three days**. The 6 Sep falsifier was worded "sends any HOOKR to a pool or router". It sent 96.4% of the stack.
The OTHER overhang EOA `0x3386b004ec4a2fc7cbdef7f933ef98e83a9c2fcd` still holds **1,915,891.10**, unmoved. Deployer `0x5a52D4B820Ae7F02880d270562950918ACb14aA2` now **23,302,928.04** (23,545,806 on 6 Sep).

## FALSIFIER 2 FAILED HARD. THE BUYBACK HAS NOT RUN IN TWO WEEKS AND THE FEE PIPE IS DEAD.
- **HookrFlywheelBurner `0x8cee20fa000af3266ac2cd2cbeefbcd19d98fd89` holds 0.036107 ETH, IDENTICAL to the 0.0361 recorded on 6 Sep.** It has not fired since 1 Sep. The 1.5 ETH/7d trigger is not remotely close.
- **ZAPS burner `0xb5f7d9d4269c897df70df26f7ba48c0d933be8db` holds 0 ETH and 0 HOOKR.** No campaign 3.
- **HookrHook ERC-6909 native claim in the PoolManager: 0.152106 ETH, up from 0.1465 on 6 Sep. That is 0.0006 ETH/day over nine days, about $1.50/day.** Against **0.0326 ETH/day on 6 Sep and 0.107 ETH/day on 31 Aug**. A **99.4% collapse from the 31 Aug rate.** The own-product pipe is effectively off.
- HookrHook native balance 0. Deployer native balance 0.017241.

## THE RECENT BURNS ARE INVENTORY, NOT BUYBACK. THIS IS THE TRAP TO NAME.
Dead balance is now **4,427,127.13 HOOKR** (3,743,331 on 6 Sep), so **+683,796 burned in 9 days**, and it looks like a working buyback until you read the senders. Over the last ~10.6 days, **274 transfers to dead**:
- **718,123.00 HOOKR from the DEPLOYER EOA `0x5a52d4b820ae7f02880d270562950918acb14aa2` in 10 lumps.** That is destroying stock already owned. **NOT a market buy. Never count it as buyback.**
- **7,742.05 HOOKR from the PoolManager in 264 tiny transfers.** That is the Auto Burn HOOK BLOCK burning launched-token flow, not a HOOKR purchase.
- **Cash spent buying HOOKR on the open market in the last ten days: zero that I can find.**
**STANDING GATE, now proven twice on this token: a rising dead-address balance is NOT evidence of a buyback. Always group burns by SENDER and classify each sender as market-buyer, inventory-holder or hook. Only a decoded swap counts.**

## WHY THE REVIEW REACHED THE OPPOSITE CALL
v21's own text says "new revenue has not been reconciled in this pass" and "a dead-address balance alone does not establish cash spent buying tokens", then recommends a starter anyway on product/integration evidence (Perpshood live, WTH recapture deployed, v4rc and LendBoost upcoming) plus a ~74%-off-high drawdown. **The product facts are real; none of them is pointed at the token.** It also correctly notes hookr.fun's own security page says there is no independent audit.

## PRICES 21:23 Bangkok 15 Sep (chain-wide bounce day)
HOOKR **$0.007944**, cap $7,923,503, agg liq $875,272 across 11 pairs, v24 $1,695,916, 1h 66 buys/35 sells, 24h 1,334/1,236, 24h **-6.44%** on a day the chain rose. It is inside v21's $0.0077-$0.0082 band and I am not buying it.