Analyst links 53 Robinhood Chain launches to $18.43M extraction

An onchain analyst says 53 token launches on Robinhood Chain were linked to an operation that extracted at least $18.43 million between July and September, alleging that proceeds from one launch were used to finance others. The wallet connections and total remain based on the analyst’s research, and the full network has not been independently verified. The pseudonymous analyst, Wazz, published the findings on September 27. Wazz said 45 launches were connected through fund flows, with money from one token moving through wallets and then funding another launch. Four more launches allegedly shared a private key used for funding batches, while another four were linked by a shared collector wallet. Wazz described groups of 70 to 200 wallets buying large portions of token supplies around launch time. In one example, the analyst traced 179.88 ETH from wallets associated with the DRAFT token into a hub, then through intermediary wallets toward the funding key for DEED. Wazz said that key signed DEED’s funding batch 16 seconds later.