Robinhood Chain Memecoins Tied to $18 Million Rug-Pull Operation

A cluster of memecoins launched on Robinhood Chain has drawn scrutiny due to suspicious activity. Onchain analysis linked dozens of token debuts to a single suspected rug-pull operation.

Pseudonymous analyst Wazz identified at least $18.43 million in proceeds from 53 memecoin launches, mostly via Pons V2 launchpad. The investigation found 45 launches connected through sequential wallet fund flows and additional connections via shared private keys and collector wallets.

The largest extractions among the launches included CRUMBS at $3.12 million, LEGS at $2.9 million, and PINK at $1.44 million. Wazz's onchain trail links launches and wallet flows, showing how funds from one launch were used to fund subsequent launches.