Wazz traces 53 Robinhood Chain token launches to $18M rug-pull syndicate
An on-chain investigation by analyst Wazz has uncovered a syndicate responsible for at least 53 token launches on Robinhood Chain, resulting in an estimated $18.43 million in rug pulls since the chain's launch in July 2026. The syndicate allegedly used coordinated wallet networks and hype campaigns to manipulate token prices before extracting funds.
- Estimated loss
- $18,430,000
- Chains
- Robinhood Chain
- Confidence
- High
- First seen
- 27 Sep 2026, 17:31 UTC