Pseudonymous analyst Wazz published an investigation revealing a token extraction operation involving 53 launches on Robinhood Chain over a two-month period. At least $18.43 million was allegedly extracted, with funds moved between launches through connected hubs and wallets. The launches were typically sniped for more than 70% of the token supply, and most were created via Pons V2. The CRUMBS and PINK tokens allegedly generated $3.12 million and $1.44 million in extracted funds respectively. Robinhood Chain’s revenues rose from roughly $3 million in July to approximately $40 million in September, totaling around $50 million since launch.
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