Analyst Wazz says Robinhood Chain may have a connected token-launch and fund-extraction network
BIBIBI
AT A GLANCE
Analyst says a ring may exist on Robinhood Chain that 2 continuously launched tokens and siphoned off funds over 18430000 USD。
Article
Robinhood Chain reveals suspected “Rug Pull” ring: 2 months 53 token launches, allegedly siphoning off 18430000 USD BlockBeats reports that September 27, on-chain analyst Wazz wrote that he had discovered what appears to be a large-scale series of consecutive Rug Pull and fund-extraction operations on Robinhood Chain, linked to at least 2 months with at least 53 token launches, with total directly linked funds siphoned off reaching 18430000 USD; the actual scale may be higher.
Wazz said that the fund flows among these projects show clear connections: proceeds from one project are typically used seconds later to fund the key wallets of the next project. Almost all projects were sniped at launch, capturing 70%or more of the token supply, and used 70 to 200 wallets to bundle transactions. Most projects were launched through Pons V2.
He also found that some projects first carried out “fake launches,” using warm-up campaigns and hype to attract funds in advance before announcing the actual contract address, thereby further increasing the amount siphoned off. Among them,CRUMBS was the project with the highest amount siphoned off identified so far, totaling approximately 3120000 USD.
Original link https://m.theblockbeats.info/flash/369207
Key points
01
On-chain analyst Wazz said that Robinhood Chain may have seen a series of consecutive Rug Pull and fund-extraction operations.
02
The operations were linked to at least 2 months of 53 token launches.
03
The total amount of funds currently directly linked to the operations is 18430000 USD, and the actual scale may be higher.
04
The fund flows among the related projects were connected: proceeds from one project were typically used seconds later to fund the key wallets of the next project.
05
Almost all projects were sniped at launch, capturing 70%or more of the token supply, and used 70 to 200 wallets to bundle transactions.
06
Most projects were launched through Pons V2.
07
Some projects first carried out “fake launches” before announcing the actual contract address.
08
CRUMBS was the project with the highest amount siphoned off identified so far, totaling approximately 3120000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is an unverified allegation based on on-chain observations: Wazz believes that multiple projects may have been consecutively advanced by a connected funding network and operated tokens through a large number of wallets. The article says that some projects may also have attracted funds first and then announced the actual contract address.
Why it matters to readers
If the relevant fund connections and extraction patterns are verified, people involved in these projects may face a high risk of financial loss.
Beginners should understand that Rug Pull usually refers to project operators or related participants extracting funds and causing participants to suffer losses; “sniping” means that someone rapidly buys tokens when they launch and captures a large share of the supply.
Risks and unknowns
The current information comes from on-chain analyst Wazz’s account; the article provides no independent audit results.
The actual number of connected projects and the scale of the funds siphoned off may be higher than the figures currently disclosed.
The article provides no relevant wallet addresses, transaction hashes, or complete evidence of fund flows.
The “suspected” connections and allegations of absconding with funds have not been confirmed by the parties involved identified in the text.
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Related concepts
Rug Pull
This term is not in the glossary yet. Browse related concepts in the glossary.
