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Analyst: Rug Pull Gang Behind Robinhood-Listed Token Issued 53 Tokens Over Two Months, Siphoning $18.43 Million
According to on-chain analyst Wazz (@WazzCrypto), an organized serial rug pull and fund-draining syndicate operates on the Robinhood blockchain. The group has been linked to 53 token launches in the past two months, with directly trackable extracted funds reaching $18.43 million, though the actual amount is likely higher. The syndicate's modus operandi is highly systematic: funds raised from each launch are routed to the deployment wallet of the next launch within seconds, forming a continuous funding pipeline. Each issuance is sniped via 70–200 bundled wallets to secure over 70% of the supply, primarily launched on the Pons V2 platform. Additionally, the group generates hype through "fake launches" before official drops to preemptively harvest market sentiment, only revealing the real contract address afterward to maximize extraction profits. Notably, $DEED, the trigger token for this investigation, did not even make it into the top ten highest-drained tokens.
DEED's market cap dropped from $4.23 million to approximately $55,000; 110 linked wallets once controlled 86% of the supply and withdrew about $700,000
Odaily News: According to Onchain Lens monitoring, the issuance of DEED on the Robinhood chain was highly bundled, with 110 linked wallets controlling about 86% of the supply at its peak; the related wallets withdrew approximately $7 million?