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Wazz: 53 Robinhood Chain Token Launches Linked to Rug-Pull Operation, at Least $18.43M Extracted On-chain analyst Wazz said he traced 53 Robinhood Chain token launches over roughly two months to the same rug-pull operation, which extracted at least $18.43 million. Of the 53
An on-chain analyst known as Wazz said he traced 53 token launches on Robinhood Chain over about two months to one rug-pull operation, which means a scheme that drains investor funds, extracting at least $18.43 million.
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What happened
An on-chain analyst known as Wazz said he traced 53 token launches on Robinhood Chain over about two months to one rug-pull operation, which means a scheme that drains investor funds, extracting at least $18.43 million.
Confirmed
Global impact / market context
A single operation behind 53 linked launches suggests the scheme was repeated rather than a one-off, so investors in new Robinhood Chain tokens face real risk of losing money, and this could reduce trust in the platform.
Analyst inference
Robinhood Chain tokens are new and lightly regulated, so tracking who launches them is difficult. When one operation extracts at least $18.43 million, it shows how quickly investor money can leave a young market.
Analyst inference
What to watch
- Wazz said he traced 53 Robinhood Chain token launches over roughly two months to the same rug-pull operation, which extracted at least $18.43 million. Confirmed
- Robinhood Chain and any related parties should publish clear steps to review new token launches, warn users, and block or flag addresses tied to the operation. Proposed
- Watch whether trading activity and new token launches on Robinhood Chain slow, since investors may pull back after learning one operation ran 53 launches. Analyst inference