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Onchain analyst links $18.4 million in Robinhood Chain memecoin extractions to single rug-pull operation

Analyst Wazz alleges one operation extracted at least $18.43M from 53 memecoin launches on Robinhood Chain between 10 July and 21 September 2026, mostly via the Pons V2 launchpad. The Block verified 10 launches: creators waived Pons' 99% anti-sniping tax for 15 to 25 wallets that bought out the bonding curve, leaving insiders 82 to 86% of supply. It traced 179.88 ETH from DRAFT to DEED, then a bridge to Ethereum and a swap into about 231,000 DAI. It did not replicate the $18.43M total.

TL;DR The Block checks an analyst's claim that one operation rugged 53 Robinhood Chain memecoins, confirming the snipe-tax waiver pattern and fund trail.
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Organisations named here

  • DEED
  • DRAFT
  • The Block

Technologies named here

  • Robinhood Chain
  • Ethereum
  • DAI
  • Pons V2
  • Pons V2 launchpad (Pons)

Techniques named here

  • Rug Pull
  • anti-sniping tax waiver
  • Cross-chain bridging and token swap for laundering proceeds
  • Onchain fund flow tracing
  • Sniping tax waiver abuse

Concepts named here

  • Anti-sniping tax
  • Bonding curve
  • Insider supply concentration

Threat actors named here

  • Wazz

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