An on-chain analyst has linked 53 token launches on Robinhood Chain to a suspected coordinated rug-pull operation that allegedly extracted at least $18.43M between July 10 and Sept. 21. The operation reportedly used 70–200 wallets to acquire more than 70% of a token’s supply before selling into the market.
🔄 Profits from earlier launches were allegedly recycled to fund new token launches.
The Block independently verified the sniping pattern across 10 launches, but the full $18.43M figure remains the analyst’s estimate.
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