TREE NEWS reports: On-chain analyst Wazz has identified a rug-pull operation on Robinhood Chain that launched at least 53 token projects in two months and cashed out roughly $18.43 million. The ring funded each new launch wallet seconds before deployment with proceeds from the previous project, pre-sniped over 70% of circulating supply and bundled 70-200 sybil wallets per token, mostly through Pons V2. CRUMBS, LEGS and PINK were the three largest cash-outs at $3.12 million, $2.9 million and $1.44 million.
Robinhood Chain rug-pull ring launched 53 tokens in two months, cashed out $18.4M
The significance here is less the $18.4 million total than the industrialisation of the playbook: recycled launch funding, pre-sniped supply and sybil bundling through a single venue point to a repeatable pipeline rather than opportunistic scams. That matters for Robinhood Chain's positioning, since retail-facing branding invites exactly the users least equipped to spot bundled supply. Whether Pons V2 and similar launchpads tighten pre-snipe visibility, and whether the identified wallets are acted on, is the open question.
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