Robinhood Chain Memecoin Extractions Linked to Single Alleged Operation

An onchain investigation has linked $18.4 million in memecoin extractions to one alleged operation on Robinhood Chain.

The analysis, published by pseudonymous analyst Wazz and reported by The Block, found that 53 memecoin launches during the network's early life were tied to a single extraction operation.

The operation generated at least $18.43 million between July 10 and September 21, 2026, through Pons V2 launches on Robinhood Chain.

Pons V2's documentation describes an anti-sniping charge that applies to purchases made immediately after launch, which was allegedly exempted for selected wallets in the operation.

The investigation found that funding and transaction flows among wallets tied to successive deployments supported the alleged link, indicating recurring operations rather than isolated token launches.