Analyst Links 53 Token Launches on Robinhood Chain to Single Operation

On-chain analyst Wazz reported that 53 token launches on the Robinhood Chain, which occurred within two months of its mainnet launch in July, appear to be linked to a single operation. The analyst estimates that at least 18.43 million dollars was extracted from these launches. Many of the tokens were issued via the Pons V2 launchpad, which utilizes a bonding curve mechanism. Investigations revealed that creators often exempted multiple wallets from the platform's 'snipe tax' to facilitate early token accumulation, with evidence of shared funding sources and common wallet addresses across different launches.