Analyst ties $18.4M Robinhood Chain memecoin withdrawals to one alleged rug pull
An onchain researcher has connected about $18.4 million taken from memecoins on Robinhood Chain to a single alleged rug-pull scheme. Onchain data indicates that the creators of ten Pons V2 launches exempted certain wallets from Pons' anti-sniping tax. Those wallets then bought up most of each token's supply.
An onchain researcher has linked roughly $18.4 million in withdrawals from memecoins on Robinhood Chain to a single alleged rug-pull scheme. The finding involves ten Pons V2 launches, according to onchain data.
That data indicates the launches' creators exempted certain wallets from Pons' anti-sniping tax. Those wallets then bought up most of each token's supply. The case remains alleged, and no further details are available.
If confirmed, the alleged scheme could affect retail memecoin traders who bought these tokens, potentially eroding trust in Robinhood Chain and similar launch platforms. Onchain researchers may face greater demand for monitoring and disclosure. The wider crypto market could see cautious sentiment around memecoins, though direct impact may remain limited to participants in these specific launches.