Analyst Identifies Organized Rug Pull Syndicate on Robinhood Chain

On-chain analyst Wazz reported that a coordinated syndicate has executed 53 token launches on the Robinhood chain over the past two months, siphoning at least $18.43 million. The group employs a systematic approach, using 70 to 200 wallets to snipe over 70% of the supply for each token, often via the Pons V2 platform. The syndicate frequently uses 'fake launches' to generate hype before releasing the actual contract address to maximize profits. Funds from each rug pull are rapidly funneled into the startup wallets for subsequent launches, creating a continuous chain of illicit activity.