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Rowan Energy retires its public blockchain, leaving RWN token holders stranded. Community calls it a rug pull after payouts stop and token collapses 90 percent.
Author: Tanishq Bodh
Written On: Tue, 24 Jun 2025 23:12:56 GMT
June 25, 2025 – Rowan Energy, a long-running “green energy blockchain” project, has abruptly shut down its public blockchain, leaving RWN token holders and device investors empty-handed. The project, founded in 2011 and rebranded into crypto in 2018, cited a “pivot to enterprise solutions.” But many in the community are calling it what it appears to be — a rug pull.
Rowan Energy first made headlines by promising to reward solar energy users with $RWN tokens, creating a decentralized energy market that would benefit both consumers and the planet. The project sold SmartMiner devices, billed as tools to earn RWN by feeding solar data to the blockchain.
But years of community concern over lack of transparency have finally come to a head.
Multiple red flags emerged in recent months:
On June 25, 2025, Rowan officially retired its blockchain, erasing any remaining hope for investors.
Many early adopters had spent thousands — even six figures — on SmartMiner devices and RWN tokens. Now, with no liquidity and no refund path, community members are pushing for legal action and regulatory complaints.
Crypto commentator @DreadBong0 summed up the sentiment on X:
“$RWN officially rugged. CEO nuked the token.”
Crypto analysts pointed out concerns as early as 2021:
Despite these warnings, many users trusted the project’s “green” branding and promises of decentralization.
David Duckworth, Rowan Energy’s founder, once described Rowan as “the first global green blockchain.” His disappearance after the collapse has fueled further criticism.
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