On-chain analyst Wazz stated that 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 these, 45 were connected through fund flows, with proceeds from one used to finance the next; four shared the same private key for funding batches, and four shared a collector wallet. Wazz noted that most launches used 70–200 wallets to snipe over 70% of the supply, with many deployed through Pons V2. Specific projects like CRUMBS, LEGS, and PINK extracted approximately $3.12 million, $2.9 million, and $1.44 million, respectively. Some projects also allegedly used fake pre-launch contracts to attract buyers before releasing the official contract address.