Analyst Alleges $18.43M Rug Pull Across 53 Robinhood Chain Launches
Image: CryptoPotatoPseudonymous onchain analyst Wazz published an investigation alleging an organized token extraction operation tied to 53 Robinhood Chain launches over a two-month period. The group is estimated to have taken at least $18.43 million, with most proceeds held in ETH. 45 of the 53 launches shared funding and wallet links, and nearly all had over 70% of token supply sniped at opening. The investigation found no evidence of Robinhood Markets involvement in the operation.
Key points
- Pseudonymous onchain analyst Wazz alleges an organized extraction operation tied to 53 Robinhood Chain launches
- The operation is estimated to have extracted at least $18.43 million from the launches
Why it matters
Robinhood Chain, launched in July 2026 for tokenized assets and financial services, has generated around $50 million in revenue for Robinhood to date. The alleged operation targeted token launches on the network, a core part of the chain's intended use case.
What's unclear
It is unclear whether Pons V2, the tool used for most launches, is the commercial bundling tool Wazz referenced
The reports do not state whether any extracted funds have been recovered or if responsible parties have been identified
Price context · ETH
At publication
$2,643.91
Now
$2,640.06
Change since
−0.15%
7 days · dashed line = publication
Sources · 3 publishers
Onchain analyst links $18.4 million in Robinhood Chain memecoin extractions to single rug-pull operation
CoinCentral
Tier 3
Inside the $18 Million Rug Pull Rocking Robinhood Chain
CryptoPotato
Tier 2
$18.4M Allegedly Extracted Across 53 Robinhood Chain Token Launches
Coverage timeline
- First reported by The Block
- Confirmed by CoinCentral
- CryptoVideos brief published
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
