Robinhood

Token

<h3 id="h-key-insights" class="wp-block-heading"><strong>Key Insights:</strong></h3>
<ul>
 <li>Robinhood news focused on 53 token launches tied to a single operation.</li>
 <li>Wazz traced at least $18.43 million across the linked launches.</li>
 <li>HOOD stock closed Friday at $119.40, down 1.18%.</li>
</ul>
<p>Robinhood news drew scrutiny after Wazz linked 53 Robinhood Chain token launches to one alleged extraction operation. Wazz said the wallets extracted at least $18.43 million across roughly two months.</p>
<p>The findings raised questions about permissionless token issuance on Robinhood’s newly launched blockchain. They did not establish wrongdoing by Robinhood or show that the company created the tokens.</p>
<h2 id="h-robinhood-news-focuses-on-53-linked-token-launches" class="wp-block-heading"><strong>Robinhood News Focuses on 53 Linked Token Launches</strong></h2>
<p>Wazz linked <a href="https://x.com/WazzCrypto/status/2104194307628621976" rel="noopener noreferrer nofollow">another </a>four launches through the same private key used for funding batches. Four more allegedly sent proceeds into a common collector wallet.</p>
<p>The analyst said the operation used between 70 and 200 wallets around individual launches. Those wallets allegedly acquired over 70% of the available supply during early trading.</p>
<p>CRUMBS produced the largest identified extraction at about $3.12 million, Wazz said. LEGS followed near $2.9 million, while PINK accounted for roughly $1.44 million.</p>
<p>Those figures remain allegations based on wallet clustering and transaction tracing. No enforcement agency had announced charges tied to the identified wallets by Sept. 28.</p>
<h2 id="h-robinhood-chain-design-leaves-token-deployment-permissionless" class="wp-block-heading"><strong>Robinhood Chain Design Leaves Token Deployment Permissionless</strong></h2>
<p>Robinhood <a href="https://x.com/TheBlockCo/status/2104331390091444254" rel="noopener noreferrer nofollow">describes </a>Robinhood Chain as a permissionless Ethereum-compatible Layer 2 built using Arbitrum technology. The company launched its public mainnet on July 1 after opening a testnet in February.</p>
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   Robinhood News | Source: X
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<p>Robinhood documentation states that anyone can interact with the network and deploy smart contracts. Ethereum serves as the chain’s native gas asset, while its network identifier is 4663.</p>
<p>That open design separates third-party token activity from products directly issued by Robinhood. The company also states ecosystem listings do not constitute endorsements, partnerships, or warranties.</p>
<p>Robinhood Digital Assets provides the chain infrastructure but does not verify every deployed application. That distinction matters when assessing responsibility for tokens launched by independent developers.</p>
<p>Robinhood’s governance documentation lists an eight-member Security Council, with Robinhood holding two seats. Routine protocol actions require six signatures and face a seven-day onchain timelock. Those controls govern protocol actions, not every token deployed by outside creators.</p>
<p>The disputed launches largely involved pons V2, a token launch protocol <a href="https://www.thecoinrepublic.com/2026/09/16/robinhood-news-doj-charges-engineers-over-hyperliquid-trades/" rel="noopener noreferrer nofollow">operating </a>on Robinhood Chain. Its documentation describes a bonding-curve model that later graduates tokens into locked Uniswap v4 liquidity.</p>
<h2 id="h-robinhood-news-raises-questions-around-pons-v2-protections" class="wp-block-heading"><strong>Robinhood News Raises Questions Around Pons V2 Protections</strong></h2>
<p>Pons V2 documentation shows that each launch begins with automated anti-sniping protections. Its snipe tax starts at 99% before decaying to zero within five seconds.</p>
<p>However, creators receive automatic exemptions from that protection. The protocol <a href="https://x.com/Solana_Emperor/status/2104316463574024336" rel="noopener noreferrer nofollow">also </a>permits creators to designate additional exempt addresses when creating a launch.</p>
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 <figure class="aligncenter size-full"><img width="598" height="680" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/09/85616ec48c8cebe3c6e26f469acdf3eba1169363e8189d0259cd69fed6e4a63c-1.png" alt="Source: X">
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   Source: X
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<p>Those exemptions are fixed at launch and cannot be added afterward. Wazz allegedly coordinated wallets used for early purchases to concentrate supply across multiple token launches.</p>
<p>Pons documentation warns users to examine token addresses, creator settings, liquidity, and holder concentration. It also states that launch tokens can lose all value.</p>
<p>DefiLlama data showed Pons V2 processed about $2.46 billion in decentralized exchange volume over the preceding 30 days. The protocol generated about $140.7 million in fees during that period.</p>
<p>That activity showed the launchpad had attracted substantial trading since Robinhood Chain went live. It also increased the relevance of supply concentration and launch mechanics for traders.</p>
<h2 id="h-robinhood-news-arrives-as-hood-stock-holds-above-119" class="wp-block-heading"><strong>Robinhood News Arrives as HOOD Stock Holds Above $119</strong></h2>
<p>HOOD stock closed at $119.40 on Sept. 25, Investing.com historical data showed. Shares fell 1.18% during the session after closing at $120.82 one day earlier. The stock had gained 9.12% on Sept. 18 before retreating across subsequent sessions. Its Sept. 25 range stretched from $117.53 to $121.90.</p>
<p>There was no verified evidence linking that stock move to Wazz’s findings. The analyst published the Robinhood Chain <a href="https://www.thecoinrepublic.com/2026/09/16/robinhood-news-doj-charges-engineers-over-hyperliquid-trades/" rel="noopener noreferrer nofollow">claims </a>after U.S. equity markets closed for the week.</p>
<p>Robinhood has continued tying its international strategy to blockchain-based financial products. Chief Executive Officer Vlad Tenev said Sept. 9 that Robinhood Chain reached users across over 120 countries.</p>
<p>Tenev said the company had launched roughly 200 stock tokens, with additional assets planned. Robinhood’s second-quarter filing also described the chain as part of its international expansion strategy.</p>
<p>The next verifiable corporate update is scheduled for Sept. 28. Robinhood investor relations lists its September month-to-date trading update for 4:05 p.m. EDT.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2026/09/28/robinhood-news-53-token-launches-linked-to-18-43m-rug-pull/" rel="noopener noreferrer nofollow">Robinhood News: 53 Token Launches Linked to $18.43M Rug Pull</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Robinhood News: 53 Token Launches Linked to $18.43M Rug Pull

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