Onchain analyst links $18.4 million in Robinhood Chain memecoin extractions to single rug-pull operation
60-second summary
Onchain analysts reveal that roughly $18.4 million of Robinhood Chain memecoin was extracted by a single rug‑pull scheme after the 10 Pons V2 launch exempted a group of wallets from the anti‑sniping tax; those wallets subsequently purchased the majority of each token’s supply, indicating coordinated manipulation and prompting heightened scrutiny of Robinhood Chain’s security and investor confidence.
The creators of 10 Pons V2 launches exempted a set of wallets from Pons' anti-sniping tax; those wallets went on to buy most of each token's supply, per onchain data.