This Robinhood Chain situation that broke out recently is something I think is worth paying attention to! Analyst Wazz revealed that the same operator allegedly conducted 53 token launches through Robinhood Chain between July 10 and September 21, siphoning off at least $18.43 million. Here’s roughly how it went down— Pons V2, in order to prevent bots, imposes a snipe tax of up to 99% on regular buyers in the first few seconds after launch. However, project creators can preemptively whitelist certain wallets to be tax-exempt. 1⃣ So, before each token launch, this group prepares dozens of linked wallets and adds them to the tax-exempt list. 2⃣ As soon as the token goes live, these wallets sweep up large amounts of the bonding curve within one or two blocks, often allowing the project team and linked wallets to control over 80% of the supply. 3⃣ Once external users start buying in, they begin selling, funneling the profits into the next project. Wazz followed this money trail, connecting 45 launches together, and then expanded the total to 53 using shared private keys, receiving addresses, and other information. Damn, the so-called Fair Launch turned into a targeted allocation—a complete insider trading scheme. Feels like Pons needs to take this issue seriously. This could easily happen again. Not sure if publicly disclosing the whitelist before launch or enforcing a holding cap would help.