$18 Million Rug Pull Rocks Robinhood Chain Memecoin Launches

A $18.43 million rug pull has rocked Robinhood Chain, an Ethereum layer 2 network built on Arbitrum technology.

The operation involved 53 memecoin launches between July 10 and September 21, 2026, mostly using the Pons V2 launchpad.

A pseudonymous analyst named Wazz found that creators waived an anti-sniping tax for chosen wallets, allowing them to buy up to 86% of token supply within seconds of launch.

The three largest cash-outs were CRUMBS at $3.12 million, LEGS at $2.9 million, and PINK at $1.44 million.