This investigation into Robinhood Chain made me think of John Perkins’ Confessions of an Economic Hit Man.
New chains increasingly resemble fledgling developing economies.
By the time they launch, every method of economic extraction discovered, tested and perfected on mainnet: insider allocations, mercenary liquidity, predatory market making, emissions farming, airdrop sybiling, memecoin extraction, and opaque launch structures all turning retail attention into exit liquidity.
Then the economic hit men arrive.
I just uncovered the biggest serial Rugpulling and Extraction operation on Robinhood
The same operation is linked 53 launches within a 2 month period
Total Extracted: $18.43 MILLION
very likely more this is just what I could directly link
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