Bitquery pegs Robinhood Chain rug-pull crew at 56 launches, $15.5M take

What happened

Bitquery published a September 28 blockchain investigation linking a suspected rug-pull crew to 56 memecoin launches on Robinhood Chain, with an estimated take of $15.5 million. The report covers activity up to September 23.

Confirmed

Global impact / market context

A rug pull is when creators abandon a crypto project after collecting buyer money, leaving tokens worthless. A $15.5 million suspected take across 56 launches suggests investors on Robinhood Chain faced repeated losses and may demand stronger launch screening.

Analyst inference

This finding adds scrutiny to Robinhood Chain, a crypto network tied to trading platform Robinhood. If launch activity is seen as risky, traders could avoid new memecoins there, reducing trading revenue and pushing the platform toward stricter listing checks.

Analyst inference

What to watch

1. Bitquery's September 28 report covers activity until September 23, so any later launches or fund movements are outside its stated scope. Confirmed
2. Watch whether Robinhood Chain operators propose new token launch rules, such as screening creators, locking funds, or warning buyers before they purchase new memecoins. Proposed
3. Track whether blockchain investigators link more launches or wallets to this crew, which would change the estimated total losses and the scale of investor harm. Analyst inference

Evidence

• cryptopolitan.com