Onchain Analyst Wazz Exposes $18.43 Million Serial Rug-Pull Operation Across 53 Memecoins on Robinhood Chain

An anonymous onchain analyst has revealed that a coordinated operation extracted at least $18.43 million across 53 memecoin launches on the Ethereum Layer-2 network Robinhood Chain between July 10 and September 21.
The investigation indicates that syndicates utilized launchpad exemptions on Pons V2 to snipe token supplies across clusters of 70 to 200 wallets before liquidating positions into unfrozen Ethereum. The scheme highlights ongoing security and surveillance vulnerabilities within emerging decentralized finance ecosystems as platforms scale retail-focused blockchain rails.