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Onchain data ties Robinhood Chain memecoin extractions to one rug-pull

Reported · Written up by our desk · Market Structure

The Block reports onchain analytics attribute $18.4 million in Robinhood Chain memecoin “extractions” to what it describes as a single rug-pull operation, based on transaction patterns.

According to the report, the token creators behind 10 Pons V2 launches exempted a set of wallets from Pons' anti-sniping tax, and those exempt wallets went on to buy most of each token’s supply, per the onchain data.

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Sources

The BlockOnchain analyst links $18.4 million in Robinhood Chain memecoin extractions to single rug-pull operation

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