Wazz traces 53 Robinhood Chain token launches to $18M rug-pull syndicate

One analyst just connected the dots between 53 separate token launches on Robinhood Chain, all allegedly orchestrated by the same syndicate, and collectively responsible for draining at least $18.43 million from investors. The real number, according to the investigator, is probably higher. Wazz, an on-chain analyst posting under the handle @WazzCrypto, published his findings on September 27 after suspicious activity around a token called DEED sent him down a rabbit hole that kept getting deeper. How the operation worked The syndicate’s playbook was methodical. Each token launch relied on a network of 70 to 200 wallet addresses that collectively secured more than 70% of a token’s supply through Pons V2, a platform used for token launches on Robinhood Chain. Once the insiders had locked up the majority of supply, they orchestrated hype campaigns, including what Wazz described as “fake launches” designed to mislead investors before the actual contract addresses were revealed. The cycle was self-funding. Profits extracted from one rug pull flowed directly into seeding the next launch, creating what amounted to a conveyor belt of token fraud. Wazz’s methodology was thorough. He traced 4...