WuBlockchain
On-chain analyst Wazz said he traced 53 Robinhood Chain token launches over roughly two months to the same rug-pull operation, which extracted at least $18.43 million. Of those launches, 45 were connected through fund flows, with proceeds from one used to finance the next.
Why it matters
The investigation points to a repeatable launch model rather than isolated failures. Four launches shared the same private key for funding batches, while four shared a collector wallet. Most used 70 to 200 wallets to snipe more than 70% of supply, and many were deployed through Pons V2.
Market impact
CRUMBS, LEGS and PINK generated about $3.12 million, $2.9 million and $1.44 million, respectively. Wazz also said some projects used fake pre-launch contracts to attract buyers before releasing the official contract address, adding another layer of deception for traders assessing new Robinhood Chain tokens.
Frequently asked questions
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How many Robinhood Chain launches did Wazz link to the operation?
Wazz said 53 launches over roughly two months were linked to the same alleged rug-pull operation.
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How were the launches connected to one another?
Forty-five launches were connected through fund flows, with proceeds from one used to finance the next. Four also shared a private key for funding batches, and four shared a collector wallet.
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How much supply did coordinated wallets reportedly snipe?
Most launches used 70 to 200 wallets to snipe more than 70% of the token supply.
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Which named tokens generated the largest reported amounts?
CRUMBS generated about $3.12 million, LEGS about $2.9 million and PINK about $1.44 million.
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How did fake pre-launch contracts affect buyers?
Some projects allegedly used fake pre-launch contracts to attract buyers before releasing the official contract address.
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